Guideline Value for TREMAIN PROJECT

Tremain Project guideline value

The current guideline value for Tremain Project in Karanaipuducheri village is Rs 804 per sq.ft, effective from 1 July 2024. This property falls under the Gooduvancheri SRO and is classified as Residential Class II Type - II.

How the guideline value of Tremain Project has changed

The guideline value for Tremain Project has remained consistent in recent years. The 2023 revision also recorded the value at Rs 804 per sq.ft. Prior to that, there are no figures available for the revisions from 2002 to 2017.

With the 2024 revision, the guideline value remains unchanged from the previous year, showing a 0% change from 2023 to 2024. This stability indicates a consistent valuation for this property over the last two years.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value for Tremain Project is above this median, indicating a relatively higher valuation.

• Uco Nagar: Rs 1,000 per sq.ft (2024)
• Teacher's DJM City: Rs 1,200 per sq.ft (2024)
• Susee Avenue: Rs 1,000 per sq.ft (2024)
• Survey Number 3.4,6 All Subdivision: Rs 701 per sq.ft (2024)
• Sundaram Garden: Rs 1,642 per sq.ft (2024)
• Subramaniyapuram: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Tremain Project

For a 1,000 sq.ft plot at the current guideline value of Rs 804 per sq.ft, the total guideline value amounts to Rs 8,04,000. The stamp duty at 7% would be Rs 56,280, and the registration fee at 2% would be Rs 16,080, bringing the total fees to Rs 72,360. 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 Tremain Project?

The Tremain Project is covered by 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 additional assistance.

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

The guideline value is a crucial factor in property transactions within Karanaipuducheri. It is used to determine the stamp duty and registration fees that are applicable when registering a property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for taxation purposes. It helps in establishing a fair valuation for the property, which is essential for both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value for Tremain Project?

The current guideline value for Tremain Project is Rs 804 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Tremain Project has remained at Rs 804 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for earlier revisions from 2002 to 2017.

What is the land classification for Tremain Project?

Tremain Project is classified as Residential Class II Type - II, which indicates its intended use for residential purposes.

Where can I find the registration office for Tremain Project?

The registration office for Tremain Project is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Karanaipuducheri?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a plot of 1,000 sq.ft at the guideline value of Rs 804 per sq.ft, the total guideline value would be Rs 8,04,000, leading to a stamp duty of Rs 56,280.