Guideline Value for Sri Karthikeyan Nagar

Sri Karthikeyan Nagar guideline value

The current guideline value of Sri Karthikeyan Nagar is Rs 1,000 per sq.ft as per the 2023 revision. This area falls under Ponmar village and is governed by the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Sri Karthikeyan Nagar has changed

The guideline value for Sri Karthikeyan Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 170 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking an increase of 488%. However, in the 2017 revision, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The most recent revision in 2023 restored the guideline value to Rs 1,000 per sq.ft, representing a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 488%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. Sri Karthikeyan Nagar is the only street mentioned, and there are no other streets in Ponmar under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Karthikeyan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Karthikeyan Nagar?

The Sub Registrar Office that covers Sri Karthikeyan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-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 Ponmar

The guideline value plays a crucial role in the registration process when buying or selling property in Ponmar. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees 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 Karthikeyan Nagar?

The current guideline value of Sri Karthikeyan Nagar is Rs 1,000 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 170 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and finally returned to Rs 1,000 per sq.ft in 2023.

What are the stamp duty and registration fees for a property in Sri Karthikeyan Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles property registrations in Sri Karthikeyan Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations for Sri Karthikeyan Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

Is there any guideline value for the years 2002, 2003, and 2024 for Sri Karthikeyan Nagar?

The register has no figures for the years 2002, 2003, and 2024 for Sri Karthikeyan Nagar.