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Guideline Value

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Guideline Value for Sri Karumaniamman Nagar

₹248/sq.ft.

The guideline value for Sri Karumaniamman Nagar in Puthubakkam village (Thiruvottiyur SRO, Chennai zone) is Rs 248 per sq.ft, effective 1 July 2024. It was Rs 226 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puthubakkam

Village

Thiruvottiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹248 /sq.ft.
From 1-4-2023 ₹226 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹151 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹225 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Sri Karumaniamman Nagar

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Sri Karumaniamman Nagar guideline value

The current guideline value of Sri Karumaniamman Nagar is Rs 248 per sq.ft, effective from 1 July 2024. This area is located in Puthubakkam village under the Thiruvottiyur SRO, and it is classified as Residential Special Type - I.

How the guideline value of Sri Karumaniamman Nagar has changed

The guideline value for Sri Karumaniamman Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 225 per sq.ft, which then decreased to Rs 151 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 226 per sq.ft, and the most recent 2024 revision has raised it to Rs 248 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Puthubakkam

In Puthubakkam, there are eight streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 165 to Rs 249 per sq.ft. The median value for these streets is Rs 248 per sq.ft, which is the same as the guideline value for Sri Karumaniamman Nagar.

Stamp duty and registration fee for property in Sri Karumaniamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 248 per sq.ft, the total guideline value amounts to Rs 2,48,000. The stamp duty at 7% would be Rs 17,360, and the registration fee at 2% would be Rs 4,960, bringing the total fees to Rs 22,320. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Karumaniamman Nagar?

The Sri Karumaniamman Nagar area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puthubakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Karumaniamman Nagar?

The current guideline value of Sri Karumaniamman Nagar is Rs 248 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 226 per sq.ft in 2023 to Rs 248 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

What are the other streets in Puthubakkam with similar guideline values?

Other streets in Puthubakkam with a guideline value of Rs 248 per sq.ft include Sri Krishna Nagar/Ext/Phases, Sri Padmavathy Nagar, Sri Sankaran Vetrivel Garden, and Madhurai Meenakshi Nagar. Outer Ring Road has a slightly higher value of Rs 249 per sq.ft.

What fees are associated with buying property in Sri Karumaniamman Nagar?

When buying property in Sri Karumaniamman Nagar, buyers should be aware of the stamp duty at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Karumaniamman Nagar?

The Sub Registrar Office covering Sri Karumaniamman Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. This office handles the registration of property transactions in the area.