Guideline Value

Corporate

Guideline Value for Sri Karumariamman Nagar & Extn

₹660/sq.ft.

The guideline value for Sri Karumariamman Nagar & Extn in Kolacheri village (Kunrathur SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolacheri

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Karumariamman Nagar & Extn

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Sri Karumariamman Nagar & Extn guideline value

The current guideline value of Sri Karumariamman Nagar & Extn is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kolacheri village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Karumariamman Nagar & Extn has changed

The guideline value for Sri Karumariamman Nagar & Extn has undergone several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 402 per sq.ft. The subsequent revision in 2023 saw an increase to Rs 600 per sq.ft, and the latest revision in 2024 has set the current value at Rs 660 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has risen by 164%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kolacheri

In Kolacheri village, there are 13 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,450 per sq.ft, with the median value being Rs 660 per sq.ft. The guideline value for Sri Karumariamman Nagar & Extn is equal to this median.

Stamp duty and registration fee for property in Sri Karumariamman Nagar & Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Sri Karumariamman Nagar & Extn?

The Sri Karumariamman Nagar & Extn area falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Kolacheri. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that both parties are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sri Karumariamman Nagar & Extn?

The current guideline value of Sri Karumariamman Nagar & Extn is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 164% over the years.

What is the registration office for Sri Karumariamman Nagar & Extn?

The registration office for Sri Karumariamman Nagar & Extn is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for properties and is essential for calculating the stamp duty and registration fees during property transactions.