Guideline Value for D.H.K.ATH K.KUMAR GARDEN

D.H.K.Ath K.Kumar Garden guideline value

The current guideline value for D.H.K.Ath K.Kumar Garden is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Karapakkam village under the Neelankarai SRO and is classified as Residential Class II Type - II.

How the guideline value of D.H.K.Ath K.Kumar Garden has changed

The guideline value for D.H.K.Ath K.Kumar Garden has seen several revisions over the years. In 2012, the value was set at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and then further to Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing D.H.K.Ath K.Kumar Garden's 2024 figure above this median.

• Dharmaraja Koil Street: Rs 1,100 per sq.ft (2024)
• Dharmaraja Avenue: Rs 5,300 per sq.ft (2024)
• Dharmalingam Garden / Ponnusamy Garden: Rs 1,100 per sq.ft (2024)
• Darmaraja Koil Road: Rs 1,100 per sq.ft (2024)
• Easwaran Street: Rs 4,680 per sq.ft (2024)
• Easwaran Street (Near Omr): Rs 4,680 per sq.ft (2024)

Stamp duty and registration fee for property in D.H.K.Ath K.Kumar Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers D.H.K.Ath K.Kumar Garden?

The D.H.K.Ath K.Kumar Garden is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Karapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value is considered the minimum value for property transactions.

During the registration of property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as per the official guidelines.

Frequently asked questions

What is the current guideline value for D.H.K.Ath K.Kumar Garden?

The current guideline value for D.H.K.Ath K.Kumar Garden is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is typically charged at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the guideline values of other streets in Karapakkam?

Other streets in Karapakkam have varying guideline values, with Dharmaraja Koil Street at Rs 1,100 per sq.ft, Dharmaraja Avenue at Rs 5,300 per sq.ft, and Easwaran Street at Rs 4,680 per sq.ft, among others.