Guideline Value for Karumariyamman Nagar

Karumariyamman Nagar guideline value

The current guideline value of Karumariyamman Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Karumariyamman Nagar has changed

The guideline value for Karumariyamman Nagar has seen several revisions over the years. In 2007, the guideline value was set at Rs 200 per sq.ft. This figure increased significantly to Rs 2,100 per sq.ft in 2012, marking a rise of 950%. However, in 2017, it dropped to Rs 1,407 per sq.ft, a decrease of 33%. The value then increased again to Rs 2,100 per sq.ft in 2023, followed by a further increase to Rs 2,310 per sq.ft in 2024, reflecting a change of 10%.

From 2017 to 2023, the increase was 49%. Overall, from 2007 to 2024, the guideline value has increased by 1055%. 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 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, which is the same as the current value for Karumariyamman Nagar.

• Karumariyamman Koil Street: Rs 1,650 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 Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value amounts to Rs 23,10,000. The stamp duty at 7% is Rs 1,61,700, and the registration fee at 2% is Rs 46,200, bringing the total cost to Rs 2,07,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karumariyamman Nagar?

The Sub Registrar Office that covers Karumariyamman Nagar 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Perungalathur. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value may influence the overall transaction costs.

When purchasing property, the guideline value serves as a reference point for the official valuation of the property. It ensures that the property is registered at a value that reflects the prevailing rates in the area.

Frequently asked questions

What is the current guideline value of Karumariyamman Nagar?

The current guideline value of Karumariyamman Nagar is Rs 2,310 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 2,310 per sq.ft in 2024, showing an overall increase of 1055% over the years.

What are the stamp duty and registration fees for property in Karumariyamman Nagar?

For a 1,000 sq.ft property, the total guideline value is Rs 23,10,000, leading to a stamp duty of Rs 1,61,700 and a registration fee of Rs 46,200, totaling Rs 2,07,900.

Which Sub Registrar Office covers Karumariyamman Nagar?

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

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur is Rs 2,310 per sq.ft, which is the same as the current value for Karumariyamman Nagar.