Guideline Value for SRI KARUMARI AMMAN NAGAR

Sri Karumari Amman Nagar guideline value

The current guideline value for Sri Karumari Amman Nagar is Rs 1,800 per sq.ft, effective from 1 July 2024. This area is located in Kuthanoor village, under the Gooduvancheri SRO, and is classified as Mixed Special Type - III.

How the guideline value of Sri Karumari Amman Nagar has changed

According to the guideline value register, there are no figures for Sri Karumari Amman Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded the guideline value at Rs 1,800 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 1,800 per sq.ft, indicating a 0% change between these two years.

Thus, the guideline value for Sri Karumari Amman Nagar has consistently been Rs 1,800 per sq.ft since the 2023 revision. The current value reflects the ongoing assessment of property worth in the area.

Guideline values in Kuthanoor

In Kuthanoor, there are 30 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing Sri Karumari Amman Nagar's 2024 figure above this median.

• Sri Devi Karumariamman Nagar-II: Rs 550 per sq.ft (2024)
• Sri Devi Karumariamman Nagar: Rs 550 per sq.ft (2024)
• Subramanyam Nagar: Rs 705 per sq.ft (2024)
• Senthil Nagar Extn: Rs 800 per sq.ft (2024)
• Senthil Nagar: Rs 800 per sq.ft (2024)
• Swetha Nagar: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Karumari Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total fees to Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Karumari Amman Nagar?

The Sub Registrar Office that covers Sri Karumari Amman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kuthanoor. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value as it directly impacts the costs associated with the transaction.

Frequently asked questions

What is the current guideline value for Sri Karumari Amman Nagar?

The current guideline value for Sri Karumari Amman Nagar is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Karumari Amman Nagar has remained at Rs 1,800 per sq.ft since the 2023 revision, with no recorded figures in the revisions from 2002 to 2017.

What are the other streets in Kuthanoor and their guideline values?

Other streets in Kuthanoor include Sri Devi Karumariamman Nagar-II at Rs 550 per sq.ft, Sri Devi Karumariamman Nagar at Rs 550 per sq.ft, Subramanyam Nagar at Rs 705 per sq.ft, Senthil Nagar Extn at Rs 800 per sq.ft, Senthil Nagar at Rs 800 per sq.ft, and Swetha Nagar at Rs 705 per sq.ft, all for 2024.

What fees are associated with property registration?

For a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000 and the registration fee would be Rs 36,000, totaling Rs 1,62,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Sri Karumari Amman Nagar?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.