Guideline Value

Corporate

Guideline Value for SRIMATH MALATHI NAGAR

₹1110/sq.ft.

The guideline value for Srimath Malathi Nagar in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 1110 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1110 /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 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹185 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹161 /sq.ft.
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
044-29510536
[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 Srimath Malathi Nagar

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Srimath Malathi Nagar guideline value

The current guideline value of Srimath Malathi Nagar is Rs 1,110 per sq.ft, effective from 1 July 2024. This area is located in Karambakkam village and falls under the Chennai South Joint I SRO, classified as Residential Class IV Type - II.

How the guideline value of Srimath Malathi Nagar has changed

The guideline value for Srimath Malathi Nagar has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 161 per sq.ft. This increased to Rs 185 per sq.ft in 2003, marking a change of +15%. Following that, the value rose to Rs 350 per sq.ft in 2007, a significant increase of +89%. In 2012, the value was recorded at Rs 1,000 per sq.ft, which was an increase of +186% from the previous revision. However, it decreased to Rs 670 per sq.ft in 2017, a decline of -33%.

In the subsequent revisions, the guideline value rose to Rs 1,000 per sq.ft in 2023, reflecting an increase of +49%. The most recent revision in 2024 set the guideline value at Rs 1,110 per sq.ft, showing an increase of +11% from the previous year. There are no figures for this street in the revisions from years other than those listed.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft, with a median value of Rs 1,930 per sq.ft. The guideline value for Srimath Malathi Nagar is below this median.

Stamp duty and registration fee for property in Srimath Malathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,110 per sq.ft, the guideline value amounts to Rs 11,10,000. The stamp duty at 7% would be Rs 77,700, and the registration fee at 2% would be Rs 22,200, totaling Rs 99,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srimath Malathi Nagar?

The Sub Registrar Office that covers Srimath Malathi Nagar is the Chennai South Joint I 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 Karambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Karambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is compliant with local regulations.

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

Frequently asked questions

What is the current guideline value of Srimath Malathi Nagar?

The current guideline value of Srimath Malathi Nagar is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 161 per sq.ft in 2002 to Rs 1,110 per sq.ft in 2024, reflecting an overall increase of +589% over the years.

What is the land classification of Srimath Malathi Nagar?

Srimath Malathi Nagar is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Srimath Malathi Nagar?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,110 per sq.ft, the total fees would amount to Rs 99,900.