Guideline Value for Sree Karumariamman Nagar Extension

Sree Karumariamman Nagar Extension guideline value

The current guideline value of Sree Karumariamman Nagar Extension is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Perumattu Nellore village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Sree Karumariamman Nagar Extension has changed

According to the register, there are no figures available for Sree Karumariamman Nagar Extension for the years 2002, 2003, 2007, 2012, and 2017. The guideline value for this street was recorded at Rs 700 per sq.ft for both the 2023 and 2024 revisions, indicating no change between these two years, with a percentage change of +0%.

The 2024 revision maintains the same guideline value of Rs 700 per sq.ft as seen in the previous year, 2023. This consistency suggests stability in the guideline value for this street over the past two years.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,850 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is equal to the guideline value of Sree Karumariamman Nagar Extension.

• Sree Ambal Nagar: Rs 700 per sq.ft (2024)
• Siva Mangala Nagar: Rs 700 per sq.ft (2024)
• Shriram Shankari: Rs 700 per sq.ft (2024)
• Shree Kanniga Parameswari Nagar: Rs 500 per sq.ft (2024)
• Shanthi Nagar: Rs 700 per sq.ft (2024)
• Sr Indira Avenue: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Karumariamman Nagar Extension

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, while the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sree Karumariamman Nagar Extension?

The Sree Karumariamman Nagar Extension falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Perumattu Nellore

The guideline value is a crucial factor during property registration in Perumattu Nellore. It determines the amount of stamp duty and registration fees that buyers and sellers must pay, ensuring that the transaction is in compliance with local regulations.

When purchasing or selling property, the guideline value serves as a benchmark for assessing the property's worth. This value is used by the registration office to calculate the necessary fees, which are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Sree Karumariamman Nagar Extension?

The current guideline value of Sree Karumariamman Nagar Extension is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures available for the years 2002, 2003, 2007, 2012, and 2017. The guideline value has remained stable at Rs 700 per sq.ft for both the 2023 and 2024 revisions.

What is the land classification for Sree Karumariamman Nagar Extension?

Sree Karumariamman Nagar Extension is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles property registrations for the area.

How is the stamp duty calculated for properties in Perumattu Nellore?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 7,00,000 would incur a stamp duty of Rs 49,000 at a rate of 7%.