Guideline Value for Karumariyamman Koil Street

Karumariyamman Koil Street guideline value

The current guideline value of Karumariyamman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village and falls under the Padappai SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Karumariyamman Koil Street has changed

The guideline value for Karumariyamman Koil Street has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 650%. However, it then decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, there has been an increase of 725%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are a total of 411 streets under the Padappai SRO that have a guideline value for 2024, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value among these streets is Rs 2,310 per sq.ft, which means that the guideline value of Karumariyamman Koil Street is below this median.

• Karumariyamman Nagar: Rs 2,310 per sq.ft (2024)
• Karthikeyan Nagar: Rs 1,650 per sq.ft (2024)
• Kasthuri Nagar: Rs 3,960 per sq.ft (2024)
• Kasthuri Street Extension: Rs 1,980 per sq.ft (2024)
• Kasturi Bai Street: Rs 1,980 per sq.ft (2024)
• Kattabomman Theru: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Karumariyamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karumariyamman Koil Street?

The Sub Registrar Office that covers Karumariyamman Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perungalathur. It helps determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the buyer and seller must agree on a sale price, but the registration will be based on the higher of the sale price or the guideline value. This ensures that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Karumariyamman Koil Street?

The current guideline value of Karumariyamman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting a significant increase of 725% over the years.

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur for 2024 is Rs 2,310 per sq.ft, which is higher than the value of Karumariyamman Koil Street.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where can I find the Sub Registrar Office for Karumariyamman Koil Street?

The Padappai Sub Registrar Office covers Karumariyamman Koil Street and is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.