Guideline Value for Karumarriyamman Koil 3rd Street

Karumarriyamman Koil 3rd Street guideline value

The current guideline value of Karumarriyamman Koil 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village, under the Pallavaram SRO, and is classified as Mixed Type - I land.

How the guideline value of Karumarriyamman Koil 3rd Street has changed

The guideline value for Karumarriyamman Koil 3rd Street has seen several revisions over the years. The earliest recorded value was Rs 700 per sq.ft in 2007, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. The value rose again to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft following the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

In terms of percentage changes, the value increased by 471% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 529%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value across these streets is Rs 2,970 per sq.ft, positioning Karumarriyamman Koil 3rd Street above the median.

• Karumarriyamman Koil 2nd Street: Rs 4,400 per sq.ft (2024)
• Karumarriyamman Koil Nalvar Street: Rs 3,850 per sq.ft (2024)
• Karumarriyamman Koil 1st Street: Rs 4,400 per sq.ft (2024)
• Karunanithi Nagar: Rs 2,420 per sq.ft (2024)
• Karpagambal Street: Rs 2,380 per sq.ft (2024)
• Kannammal Street: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Karumarriyamman Koil 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karumarriyamman Koil 3rd Street?

The Sub Registrar Office that covers Karumarriyamman Koil 3rd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Hastinapuram. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and in compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Karumarriyamman Koil 3rd Street?

The current guideline value of Karumarriyamman Koil 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 700 per sq.ft in 2007, peaking at Rs 4,400 per sq.ft in 2024, with various increases and decreases throughout the years.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Karumarriyamman Koil 3rd Street is 7%, which is calculated on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

How can I calculate the registration fees?

You can calculate the registration fees using the stamp duty and registration fee calculator, which provides an estimate based on the guideline value and sale price.