Guideline Value

Corporate

Guideline Value for SHRI KARUMARI NAGAR

₹1100/sq.ft.

The guideline value for Shri Karumari Nagar in Koladi village (Chennai South Joint Ii SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koladi

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Shri Karumari Nagar

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Shri Karumari Nagar guideline value

The current guideline value of Shri Karumari Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Koladi village and falls under the Chennai South Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Shri Karumari Nagar has changed

The guideline value for Shri Karumari Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 300 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, this value decreased to Rs 670 per sq.ft in the 2017 revision. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the most recent 2024 revision has established the current value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

From 2007 to 2024, the overall increase in guideline value is 267%. The changes between revisions are as follows: a 233% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a substantial increase of 49% from 2017 to 2023.

Guideline values in Koladi

In Koladi village, there are 175 streets under the Chennai South Joint II SRO, with a 2024 guideline value range from Rs 660 to Rs 4,000 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Shri Karumari Nagar.

Stamp duty and registration fee for property in Shri Karumari Nagar

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the 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 more detailed calculations.

Which Sub Registrar Office covers Shri Karumari Nagar?

The Sub Registrar Office covering Shri Karumari Nagar is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Koladi. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable taxes and fees. This value ensures that the transaction is recorded accurately and reflects the current market conditions as per the local authority's assessments.

Frequently asked questions

What is the current guideline value of Shri Karumari Nagar?

The current guideline value of Shri Karumari Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 267% over the years.

What are the other streets in Koladi with their guideline values?

Other streets in Koladi include Shri Devi Karumari Nagar and Shri Sivasakthi Vinayagar Nagar at Rs 1,100 per sq.ft, while Shri Abirami Nagar, Seshadhri Street, Sivan Koil Street, and Senthamizh Nagar Main And Cross Streets are at Rs 660 per sq.ft.

How is stamp duty calculated for properties in Shri Karumari Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property, the stamp duty would be Rs 77,000.

Where can I find the Sub Registrar Office for Shri Karumari Nagar?

The Sub Registrar Office for Shri Karumari Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.