Guideline Value for KARAPUDI AMMAN KOIL STREET

Karapudi Amman Koil Street guideline value

The current guideline value of Karapudi Amman Koil Street is Rs 2,640 per sq.ft. This street is located in Mannivakkam village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - II.

How the guideline value of Karapudi Amman Koil Street has changed

The guideline value for Karapudi Amman Koil Street has undergone several revisions. The most recent revision in 2024 set the value at Rs 2,640 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 2,400 per sq.ft. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

Prior to the 2023 revision, the last recorded figure was Rs 2,400 per sq.ft. This indicates a steady increase in the guideline value over the years, with the most significant change occurring between the 2023 and 2024 revisions.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,215 per sq.ft, placing Karapudi Amman Koil Street's 2024 value above this median.

• Kannan Nagar: Rs 990 per sq.ft (2024)
• Karumari Amman Kovil Theru: Rs 1,320 per sq.ft (2024)
• Karumariamman Nagar: Rs 990 per sq.ft (2024)
• Kannagi Street: Rs 990 per sq.ft (2024)
• Kanimozhi Aravindan Nagar: Rs 1,320 per sq.ft (2024)
• K.K Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Karapudi Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value would be Rs 26,40,000. The stamp duty at 7% would amount to Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total cost for these fees to Rs 2,37,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karapudi Amman Koil Street?

The Sub Registrar Office that covers Karapudi Amman Koil Street is 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 more information.

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

The guideline value plays a crucial role during the registration of property transactions in Mannivakkam. It is the basis for calculating stamp duty and registration fees, which are mandatory costs that buyers and sellers must account for when completing a property transaction.

When a property is sold, the guideline value is used to determine the official value of the property for taxation purposes. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Karapudi Amman Koil Street?

The current guideline value of Karapudi Amman Koil Street is Rs 2,640 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 2,400 per sq.ft in 2023 to Rs 2,640 per sq.ft in 2024, marking a 10% increase.

What is the land classification for Karapudi Amman Koil Street?

Karapudi Amman Koil Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

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

For a 1,000 sq.ft property valued at Rs 2,640 per sq.ft, the total guideline value would be Rs 26,40,000. The stamp duty would be Rs 1,84,800 and the registration fee would be Rs 52,800, totaling Rs 2,37,600.

Where is the Gooduvancheri Sub Registrar Office located?

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