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Guideline Value

Corporate

Guideline Value for Sri Karumari Amman Nagar

₹1200/sq.ft.

The guideline value for Sri Karumari Amman Nagar in Madambakkam village (Gooduvancheri SRO, Chengalpattu zone) is Rs 1200 per sq.ft, effective 1 July 2024. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Gooduvancheri

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1200 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹281 /sq.ft.
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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Karumari Amman Nagar

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Sri Karumari Amman Nagar guideline value

The current guideline value of Sri Karumari Amman Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village, under the Gooduvancheri SRO, and is classified as Commercial Special Type - I.

How the guideline value of Sri Karumari Amman Nagar has changed

The guideline value for Sri Karumari Amman Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 281 per sq.ft, which rose significantly to Rs 1,200 per sq.ft in the 2012 revision. However, it then decreased to Rs 804 per sq.ft in the 2017 revision, before stabilizing at Rs 1,200 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. The overall change from the 2007 revision to the current 2024 revision reflects a remarkable increase of 327%. The 2024 revision maintains the same rate as the previous year, indicating stability in the guideline value.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median of Rs 1,200 per sq.ft. The guideline value of Sri Karumari Amman Nagar aligns with this median figure.

Stamp duty and registration fee for property in Sri Karumari Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Karumari Amman Nagar?

The Sub Registrar Office that covers Sri Karumari Amman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Madambakkam. It serves as a reference point for determining the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value ensures that the transaction is recorded at a standardized rate, which helps maintain transparency in property dealings.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it directly affects the financial obligations involved in the registration process. Buyers and sellers should ensure that they are informed about the latest figures to avoid any discrepancies during the registration of their property.

Frequently asked questions

What is the current guideline value of Sri Karumari Amman Nagar?

The current guideline value of Sri Karumari Amman Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 281 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, decreased to Rs 804 per sq.ft in 2017, and then stabilized at Rs 1,200 per sq.ft in both 2023 and 2024.

What is the land classification of Sri Karumari Amman Nagar?

Sri Karumari Amman Nagar is classified as Commercial Special Type - I, indicating its intended use for commercial activities.

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

The Sub Registrar Office for Sri Karumari Amman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Karumari Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at the rate of 7%.