Guideline Value for Sree Karunambigai Nagar

Sree Karunambigai Nagar guideline value

The current guideline value of Sree Karunambigai Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Karunagaracheri village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sree Karunambigai Nagar has changed

The guideline value for Sree Karunambigai Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the 2017 revision at Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 200 per sq.ft, where it has remained through the 2024 revision.

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 stable, showing a 0% change.

Guideline values in Karunagaracheri

In Karunagaracheri village, there are 11 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the current guideline value of Sree Karunambigai Nagar.

• Sasthapuri: Rs 200 per sq.ft (2024)
• Perumal Koil Street: Rs 200 per sq.ft (2024)
• Vetri Nagar: Rs 300 per sq.ft (2024)
• Narayanapuram: Rs 200 per sq.ft (2024)
• Manthillaiyamman Koil Street: Rs 100 per sq.ft (2024)
• Azhagar City: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Karunambigai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Sree Karunambigai Nagar?

The Sub Registrar Office that covers Sree Karunambigai Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Karunagaracheri. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value is assessed to ensure that the transaction is recorded accurately. The fees are calculated based on this value, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sree Karunambigai Nagar?

The current guideline value of Sree Karunambigai Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 200 per sq.ft from 2012 to 2024, with a significant increase of 49% from 2017 to 2023.

What is the land classification for Sree Karunambigai Nagar?

The land classification for Sree Karunambigai Nagar is Residential Special Type - I.

Where can I find the Sub Registrar Office for Sree Karunambigai Nagar?

The Sub Registrar Office for Sree Karunambigai Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sree Karunambigai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 18,000 in fees.