Guideline Value for KARHTICK NAGAR

Karhtick Nagar guideline value

The current guideline value of Karhtick Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri_2 village, under the Ponneri SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Karhtick Nagar has changed

The guideline value for Karhtick Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 700 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision had a guideline value of Rs 469 per sq.ft, marking a 49% increase from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The guideline value remained at Rs 700 per sq.ft from 2023 to 2024, indicating no change during that period.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Karhtick Nagar aligns with this median.

• Karikrishna Bhatacharya St: Rs 700 per sq.ft (2024)
• Kannaiah Nagar: Rs 700 per sq.ft (2024)
• Kamarajar Street: Rs 700 per sq.ft (2024)
• Kamakotty Nagar: Rs 700 per sq.ft (2024)
• Kallukadai Medu: Rs 700 per sq.ft (2024)
• Krishnaswami Mudali Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Karhtick Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. 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 Karhtick Nagar?

The Sub Registrar Office that covers Karhtick Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial factor during the registration of property transactions in Ponneri_2. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall costs involved in the transaction. Buyers should ensure that the sale price is reflective of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Karhtick Nagar?

The current guideline value of Karhtick Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2024, marking a 49% increase over this period. There were no figures available for the years 2002, 2003, 2007, and 2012.

What is the median guideline value in Ponneri_2?

The median guideline value in Ponneri_2 is Rs 700 per sq.ft, with values ranging from Rs 700 to Rs 1,300 per sq.ft across various streets.

What are the stamp duty and registration fees for properties in Karhtick Nagar?

The stamp duty for properties in Karhtick Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total cost would be Rs 63,000.

Where is the Sub Registrar Office for Karhtick Nagar located?

The Sub Registrar Office for Karhtick Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.