Guideline Value for Karumari Amman Nagar

Karumari Amman Nagar guideline value

The current guideline value of Karumari Amman Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This locality is situated in Tambaram village, under the Tambaram Joint 1 SRO, with a land classification of Residential Class I Type - II.

How the guideline value of Karumari Amman Nagar has changed

The guideline value for Karumari Amman Nagar has undergone revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, a significant increase from the 2017 revision, which was Rs 1,340 per sq.ft. This change represents a rise of 64% from the previous figure.

It is important to note that the register has no figure for the years 2023, 2012, 2007, 2003, and 2002 for this street. Thus, the only figures available are from the 2017 and 2024 revisions.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median value among these streets is Rs 3,300 per sq.ft, placing Karumari Amman Nagar's 2024 figure below that median.

• Karumariyamman Avenue: Rs 1,320 per sq.ft (2024)
• Karumariyamman Koil Street: Rs 2,200 per sq.ft (2024)
• Kattapomman Street: Rs 5,500 per sq.ft (2024)
• KanniyammanKoil Street: Rs 2,200 per sq.ft (2024)
• Kanniamman St: Rs 2,200 per sq.ft (2024)
• Kennady Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Karumari Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Karumari Amman Nagar?

The Sub Registrar Office that covers Karumari Amman Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Tambaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Karumari Amman Nagar?

The current guideline value of Karumari Amman Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, representing a rise of 64%.

Are there any years without a guideline value for Karumari Amman Nagar?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Karumari Amman Nagar.

What is the median guideline value for streets in Tambaram?

The median guideline value for streets in Tambaram is Rs 3,300 per sq.ft, which is higher than the current value of Karumari Amman Nagar.

Where can I find the Sub Registrar Office for Karumari Amman Nagar?

The Sub Registrar Office for Karumari Amman Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.