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Guideline Value

Corporate

Guideline Value for Karukku Main Road 4th Street

₹1000/sq.ft.

The guideline value for Karukku Main Road 4th Street in Menambedu village (Ambattur SRO, Chennai zone) is Rs 1000 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Menambedu

Village

Ambattur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1000 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Karukku Main Road 4th Street

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Karukku Main Road 4th Street guideline value

The current guideline value of Karukku Main Road 4th Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village and falls under the Ambattur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Karukku Main Road 4th Street has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft, reflecting a change of -33%. The value then increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% increase from the previous revision. The 2024 revision maintains this value at Rs 1,000 per sq.ft, showing no change from 2023.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained the same at Rs 1,000 per sq.ft.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, indicating that Karukku Main Road 4th Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Karukku Main Road 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total fees Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karukku Main Road 4th Street?

The Sub Registrar Office that covers Karukku Main Road 4th Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Menambedu

The guideline value plays a crucial role during the registration of property transactions in Menambedu. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value is referenced to determine the minimum value on which taxes are calculated. This ensures that all property transactions are fairly assessed based on the established rates in the guideline value register.

Frequently asked questions

What is the current guideline value of Karukku Main Road 4th Street?

The current guideline value of Karukku Main Road 4th Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen various changes. It was Rs 1,000 per sq.ft in 2012, decreased to Rs 670 per sq.ft in 2017, increased back to Rs 1,000 per sq.ft in 2023, and remains at that value in 2024.

What is the land classification for Karukku Main Road 4th Street?

The land classification for Karukku Main Road 4th Street is Residential Class III Type - I. This classification is important for determining the usage and regulations applicable to the property.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Karukku Main Road 4th Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at the current rate of 7%.