Guideline Value for Karumariamman Nagar 8th Cross Street

Karumariamman Nagar 8th Cross Street guideline value

The current guideline value of Karumariamman Nagar 8th 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 8th Cross Street has changed

The guideline value for Karumariamman Nagar 8th Cross Street has seen several revisions over the years. In 2012, the value was Rs 1,400 per sq.ft, which then decreased to Rs 938 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and further rose to Rs 1,540 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO with a 2024 guideline value 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 equal to the current value for Karumariamman Nagar 8th Cross Street.

• Karumariamman Nagar 7th Cross Street: Rs 1,540 per sq.ft (2024)
• Karumariamman Nagar 6th Cross Street: Rs 1,540 per sq.ft (2024)
• Karumariamman Nagar 5th Cross Street: Rs 1,540 per sq.ft (2024)
• Karumariamman Nagar Ist Cross Street: Rs 1,540 per sq.ft (2024)
• Karumariamman Nagar 4th Cross Street: Rs 1,540 per sq.ft (2024)
• Karumariamman Nagar Main Road: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Karumariamman Nagar 8th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the 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, totaling 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 8th Cross Street?

The Sub Registrar Office that covers Karumariamman Nagar 8th Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is an essential factor when registering property transactions in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property, ensuring that the transaction is recorded accurately in the government records.

When buying or selling property, the guideline value helps both buyers and sellers understand the minimum value at which the property can be registered. This ensures transparency in the transaction process and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Karumariamman Nagar 8th Cross Street?

The current guideline value for Karumariamman Nagar 8th 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 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the land classification for this street?

Karumariamman Nagar 8th Cross Street is classified as Residential Class I Type - I.

What is the stamp duty for property in this area?

The stamp duty for property in Karumariamman Nagar 8th Cross Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.