Guideline Value for SRI KARUMARIAMMAN NAGAR

Sri Karumariamman Nagar guideline value

The current guideline value of Sri Karumariamman Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Karumariamman Nagar has changed

The guideline value for Sri Karumariamman Nagar has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it was reduced to Rs 402 per sq.ft. The value increased significantly by 49% to Rs 600 per sq.ft in the 2023 revision. The current guideline value from the 2024 revision is also Rs 600 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 600 per sq.ft.

Guideline values in Kavanur

Kavanur has a total of 109 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value in this village is Rs 800 per sq.ft, which means that the guideline value of Sri Karumariamman Nagar is below this median.

• Sri KannanNagar: Rs 800 per sq.ft (2024)
• Sri Kamatchi Amman Nagar: Rs 500 per sq.ft (2024)
• Sri Jayalakshmi Nagar: Rs 500 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 700 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase -IV: Rs 804 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase -III: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Karumariamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total charges Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Karumariamman Nagar?

The Sub Registrar Office that covers Sri Karumariamman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Kavanur, as it determines the stamp duty and registration fees applicable during the buying or selling process. It serves as a benchmark for the minimum value at which a property can be registered.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Karumariamman Nagar?

The current guideline value of Sri Karumariamman Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a previous reduction to Rs 402 per sq.ft in 2017. The value increased back to Rs 600 per sq.ft in 2023 and remains the same in 2024.

What are the other guideline values in Kavanur?

In Kavanur, the guideline values range from Rs 500 to Rs 2,239 per sq.ft, with a median value of Rs 800 per sq.ft. Sri Karumariamman Nagar's value is below this median.

What are the fees for registering property in Sri Karumariamman Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Karumariamman Nagar?

The Sub Registrar Office for Sri Karumariamman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.