Guideline Value for A.G.KARMEGAM NAGAR

A.G.Karmegam Nagar guideline value

The current guideline value of A.G.Karmegam Nagar is Rs 2,530 per sq.ft, effective from 1 July 2024. This area is located in Kilkattalai village under the Pallavaram SRO, classified as Residential Class I Type - II.

How the guideline value of A.G.Karmegam Nagar has changed

The guideline value for A.G.Karmegam Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 1,541 per sq.ft, marking a decrease of 33%. The value increased significantly in the following revisions, reaching Rs 2,300 per sq.ft in 2023 and then rising to Rs 2,530 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kilkattalai

Kilkattalai village has 194 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value among these streets is Rs 2,530 per sq.ft, which matches the guideline value of A.G.Karmegam Nagar.

• Ag's Colony Balaji Nagar 1 To 5 Streets: Rs 2,200 per sq.ft (2024)
• Agasthiyar Street: Rs 2,160 per sq.ft (2024)
• Alamelumangapuram: Rs 4,125 per sq.ft (2024)
• Alamelumangapuram 1st M.Road: Rs 4,125 per sq.ft (2024)
• Alamelumangapuram, 1 To 3 Streets: Rs 4,125 per sq.ft (2024)
• Alandur Main Road: Rs 4,125 per sq.ft (2024)

Stamp duty and registration fee for property in A.G.Karmegam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total charges to Rs 2,27,700. It is important to note that 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 A.G.Karmegam Nagar?

The Sub Registrar Office that covers A.G.Karmegam Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees that are payable when buying or selling property in the area.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value.

Frequently asked questions

What is the current guideline value of A.G.Karmegam Nagar?

The current guideline value of A.G.Karmegam Nagar is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then increased to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the land classification of A.G.Karmegam Nagar?

A.G.Karmegam Nagar is classified as Residential Class I Type - II under the Pallavaram SRO.

Where can I find the registration office for A.G.Karmegam Nagar?

The registration office for A.G.Karmegam Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in A.G.Karmegam Nagar?

The stamp duty for properties in A.G.Karmegam Nagar is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for registration fees.