Guideline Value for Karumariamman Nagar 3rd Cross Street

Karumariamman Nagar 3rd Cross Street guideline value

The current guideline value of Karumariamman Nagar 3rd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Karumariamman Nagar 3rd Cross Street has changed

Looking at the historical revisions, the guideline value for Karumariamman Nagar 3rd Cross Street was Rs 938 per sq.ft in 2017. This amount increased significantly to Rs 1,400 per sq.ft in 2012, but then saw a decrease back to Rs 938 per sq.ft in 2017. The value then rose to Rs 1,400 per sq.ft in 2023, before reaching the current rate of Rs 1,540 per sq.ft in 2024, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a 10% increase, reflecting the changes in the local real estate landscape.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, which is the same as the guideline value for Karumariamman Nagar 3rd Cross Street.

• Karumariamman Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Karumariamman Nagar 4th Cross Street: Rs 1,540 per sq.ft (2024)
• Karumariamman Nagar 5th Cross Street: Rs 1,540 per sq.ft (2024)
• Karumariamman Nagar 6th Cross Street: Rs 1,540 per sq.ft (2024)
• Karumariamman Nagar 7th Cross Street: Rs 1,540 per sq.ft (2024)
• Karumariamman Nagar 8th Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Karumariamman Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, resulting in a total of Rs 1,38,600. 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 detailed calculations.

Which Sub Registrar Office covers Karumariamman Nagar 3rd Cross Street?

The Sub Registrar Office that covers Karumariamman Nagar 3rd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated fairly based on the established rates.

When engaging in a property transaction, it is essential to be aware of the current guideline value, as it directly impacts the overall cost of registration. Buyers and sellers should always refer to the latest figures to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Karumariamman Nagar 3rd Cross Street?

The current guideline value of Karumariamman Nagar 3rd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 938 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2023, and now to Rs 1,540 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, and 2007.

What is the land classification for this street?

Karumariamman Nagar 3rd Cross Street is classified as Residential Class I Type - I. This classification is important for understanding the intended use of the land.

What are the stamp duty and registration fees based on the guideline value?

For a plot of 1,000 sq.ft at the current guideline value, the total guideline value would be Rs 15,40,000. The stamp duty would be Rs 1,07,800, and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which Sub Registrar Office covers this area?

The Kunrathur Sub Registrar Office covers Karumariamman Nagar 3rd Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.