Guideline Value for Karumariamman koil Street

Karumariamman koil Street guideline value

The current guideline value of Karumariamman koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tharamani village, under the Adayar SRO, and is classified as Residential Class III Type - I.

How the guideline value of Karumariamman koil Street has changed

The guideline value for Karumariamman koil Street has undergone several revisions over the years. The earliest recorded figure is from 2003, with a guideline value of Rs 300 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 567%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision, effective July 2024, sets the value at Rs 2,200 per sq.ft, a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2007 for this street. Overall, from 2003 to 2024, the guideline value has increased by 633%.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO that have a 2024 guideline value ranging from Rs 1,700 to Rs 8,800 per sq.ft, with a median value of Rs 2,800 per sq.ft. The guideline value for Karumariamman koil Street is below this median.

• Kambar Street: Rs 2,800 per sq.ft (2024)
• Kamarajar Street: Rs 2,800 per sq.ft (2024)
• Kalaingar Street: Rs 2,800 per sq.ft (2024)
• Janda Street: Rs 2,800 per sq.ft (2024)
• Indira Gandhi Street: Rs 2,800 per sq.ft (2024)
• Mahathma Gandhi Nagar: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Karumariamman koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Karumariamman koil Street?

The Sub Registrar Office that covers Karumariamman koil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Tharamani, as it determines the minimum value at which the property can be registered. This value is used to calculate 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 benchmark for the transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements and to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Karumariamman koil Street?

The current guideline value of Karumariamman koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 300 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, which is a total increase of 633% over that period.

What is the guideline value for other streets in Tharamani?

Other streets in Tharamani have a 2024 guideline value of Rs 2,800 per sq.ft, which is above the value of Karumariamman koil Street.

What are the stamp duty and registration fees for a property in Karumariamman koil Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.