Guideline Value for Karumariamman Koil Cross Street

Karumariamman Koil Cross Street guideline value

The current guideline value of Karumariamman Koil Cross Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Attanthangal village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Karumariamman Koil Cross Street has changed

The guideline value for Karumariamman Koil Cross Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The value rose significantly to Rs 800 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 76%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft. The median value is Rs 880 per sq.ft, which is the same as the current value for Karumariamman Koil Cross Street.

• Kalingarayar Avenue: Rs 440 per sq.ft (2024)
• Jothipasu Nagar (Maruthupandi Nagar): Rs 550 per sq.ft (2024)
• Jothi Nagar: Rs 550 per sq.ft (2024)
• Jai Nagar: Rs 550 per sq.ft (2024)
• Maruthipandi Nagar Extention: Rs 880 per sq.ft (2024)
• Maruthu Pandi Street (Maruthu Pandi Nagar): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Karumariamman Koil Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total Rs 79,200. Please 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 details.

Which Sub Registrar Office covers Karumariamman Koil Cross Street?

The Sub Registrar Office that covers Karumariamman Koil Cross Street is the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Attanthangal. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value serves as a reference point for the official valuation of the property. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Karumariamman Koil Cross Street?

The current guideline value of Karumariamman Koil Cross Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, marking an overall increase of 76% over the years.

What is the land classification for Karumariamman Koil Cross Street?

Karumariamman Koil Cross Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers this street?

The Redhills Sub Registrar Office covers Karumariamman Koil Cross Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.