Guideline Value for Karumariamman Nagar

Karumariamman Nagar guideline value

The current guideline value for Karumariamman Nagar, located in Karanaipuducheri village under the Gooduvancheri SRO, is Rs 800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Karumariamman Nagar has changed

The guideline value for Karumariamman Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 536 per sq.ft. Following this, the value increased significantly to Rs 800 per sq.ft in 2023 and has remained at that level through the 2024 revision, showing a 49% increase from 2017 to 2023 and a 0% change from 2023 to 2024.

It is important to note that there are no registered figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 800 per sq.ft.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,239 per sq.ft as of 2024. The median value for these streets is Rs 802 per sq.ft, placing the guideline value of Karumariamman Nagar below this median.

• Karanaipuduchery Road: Rs 1,200 per sq.ft (2024)
• Kavin Avenue: Rs 700 per sq.ft (2024)
• Kkr Nagar: Rs 1,200 per sq.ft (2024)
• K.K.R. Nagar Phase-I: Rs 1,200 per sq.ft (2024)
• K.K.R Nagar Phase - II: Rs 1,100 per sq.ft (2024)
• Kpn Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Karumariamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karumariamman Nagar?

The Sub Registrar Office that covers Karumariamman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Karanaipuducheri. It determines the amount of stamp duty and registration fees that must be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Buyers and sellers should ensure they are informed about the latest revisions to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Karumariamman Nagar?

The current guideline value of Karumariamman Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2012 to 2024, with a drop to Rs 536 per sq.ft in 2017 and an increase back to Rs 800 per sq.ft in 2023.

What are the guideline values of other streets in Karanaipuducheri?

Other streets in Karanaipuducheri have varying guideline values, ranging from Rs 700 to Rs 1,200 per sq.ft as of 2024.

How is stamp duty calculated in Karumariamman Nagar?

Stamp duty in Karumariamman Nagar is calculated at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where can I find the Sub Registrar Office for Karumariamman Nagar?

The Gooduvancheri Sub Registrar Office, which covers Karumariamman Nagar, is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.