Guideline Value

Corporate

Guideline Value for Sri Karumariamman Nagar Phase I

₹660/sq.ft.

The guideline value for Sri Karumariamman Nagar Phase I 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 Phase I

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Sri Karumariamman Nagar Phase I guideline value

The current guideline value for Sri Karumariamman Nagar Phase I is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kolacheri village, under the Kunrathur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Karumariamman Nagar Phase I has changed

The guideline value for Sri Karumariamman Nagar Phase I has seen several revisions over the years. The earliest recorded figure is from 2007, at Rs 250 per sq.ft. This increased to Rs 600 per sq.ft in 2012, followed by a decrease to Rs 402 per sq.ft in 2017. The 2023 revision set the value at Rs 600 per sq.ft, and the latest revision in 2024 has raised it to Rs 660 per sq.ft. There are no figures available for the years 2002 and 2003 in the register for this street.

From 2007 to 2012, the value increased by 140%. However, it decreased by 33% from 2012 to 2017. The value then saw a significant rise of 49% from 2017 to 2023. The most recent increase of 10% from 2023 to 2024 brings the overall change from 2007 to 2024 to an increase of 164%.

Guideline values in Kolacheri

In Kolacheri, 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. The median value for these streets is Rs 660 per sq.ft, making the guideline value for Sri Karumariamman Nagar Phase I equal to the median.

Stamp duty and registration fee for property in Sri Karumariamman Nagar Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Please 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 more details.

Which Sub Registrar Office covers Sri Karumariamman Nagar Phase I?

The Sri Karumariamman Nagar Phase I area is covered by 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 during the registration process of property transactions in Kolacheri. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Sri Karumariamman Nagar Phase I?

The current guideline value for Sri Karumariamman Nagar Phase I 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, marking an overall increase of 164% over the years.

What is the registration office for Sri Karumariamman Nagar Phase I?

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

How is stamp duty calculated for properties in Sri Karumariamman Nagar Phase I?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 46,200.

What is the land classification for Sri Karumariamman Nagar Phase I?

Sri Karumariamman Nagar Phase I falls under the Residential Class I Type - I land classification.