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Guideline Value

Corporate

Guideline Value for Karumari Amman Nagar 1st Street

₹1300/sq.ft.

The guideline value for Karumari Amman Nagar 1st Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Karumari Amman Nagar 1st Street

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Karumari Amman Nagar 1st Street guideline value

The current guideline value of Karumari Amman Nagar 1st Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Karumari Amman Nagar 1st Street has changed

The guideline value for Karumari Amman Nagar 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in the 2023 revision, before reaching the current rate of Rs 1,300 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 reflects a modest increase of 8%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value is Rs 2,400 per sq.ft, indicating that the guideline value of Karumari Amman Nagar 1st Street is below this median.

Stamp duty and registration fee for property in Karumari Amman Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, resulting in a total cost of Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karumari Amman Nagar 1st Street?

The Sub Registrar Office that covers Karumari Amman Nagar 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is an essential factor when registering properties in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, it is crucial to be aware of the guideline value, as it affects the overall cost involved in the registration process. Buyers and sellers should ensure they are informed about the current guideline values to avoid any surprises during registration.

Frequently asked questions

What is the current guideline value of Karumari Amman Nagar 1st Street?

The current guideline value of Karumari Amman Nagar 1st Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 8%.

What are the other streets in Madambakkam with the same guideline value?

Other streets in Madambakkam that share the same guideline value of Rs 1,300 per sq.ft include Karumari Amman Nagar 2nd Street, Karumari Amman Nagar Link Road, Karumari Amman Nagar, Karumari Amman Nagar Main Road, Karumari Amman Nagar-Sri Devi Nagar Main Road, and Kaspapuram Road.

What is the stamp duty for a property in Karumari Amman Nagar 1st Street?

The stamp duty for a property in Karumari Amman Nagar 1st Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 91,000.

Which office handles property registration for Karumari Amman Nagar 1st Street?

The Selaiyur Sub Registrar Office handles property registration for Karumari Amman Nagar 1st Street. The office is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.