Guideline Value for KARMEL NAGAR

Karmel Nagar guideline value

The current guideline value of Karmel Nagar is Rs 1,000 per sq.ft as per the 2023 revision. Karmel Nagar is located in Thiruvidanthai village and falls under the Thiruporur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Karmel Nagar has changed

The guideline value for Karmel Nagar has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2023 set the guideline value at Rs 1,000 per sq.ft, which remains unchanged from the previous revisions.

Since there are no figures available for the earlier revisions, the only value currently applicable is from the 2023 revision. Therefore, the guideline value has remained consistent at Rs 1,000 per sq.ft since the last recorded revision.

Guideline values in Thiruvidanthai

Currently, there are no specific village figures available for Thiruvidanthai. Karmel Nagar is one of the streets within this village, and there are no other streets in Thiruvidanthai under the Thiruporur SRO listed.

Stamp duty and registration fee for property in Karmel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karmel Nagar?

The Sub Registrar Office that covers Karmel Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thiruvidanthai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold or purchased, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process aligns with government regulations.

Frequently asked questions

What is the current guideline value of Karmel Nagar?

The current guideline value of Karmel Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

What is the land classification for Karmel Nagar?

Karmel Nagar is classified as Residential Special Type - I, which indicates its designation for residential development.

How has the guideline value changed over the years?

The guideline value for Karmel Nagar has remained consistent at Rs 1,000 per sq.ft since the 2023 revision, with no figures available for previous revisions from 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for Karmel Nagar?

For a property valued at Rs 10,00,000 in Karmel Nagar, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where is the Sub Registrar Office for Karmel Nagar located?

The Thiruporur Sub Registrar Office, which covers Karmel Nagar, is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.