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Guideline Value

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Guideline Value for KARPAGA VINAYAGA COLONY - MAIN ROAD

₹3300/sq.ft.

The guideline value for Karpaga Vinayaga Colony - Main Road in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹301 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹275 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Karpaga Vinayaga Colony - Main Road

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Karpaga Vinayaga Colony - Main Road guideline value

The current guideline value for Karpaga Vinayaga Colony - Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Maduravoyal village and falls under the Virugambakkam SRO. The land classification is Residential Class II Type - I.

How the guideline value of Karpaga Vinayaga Colony - Main Road has changed

The guideline value of Karpaga Vinayaga Colony - Main Road has seen significant changes over the years. In 2002, the value was Rs 275 per sq.ft, which increased to Rs 301 per sq.ft in 2003, marking a 9% rise. Following this, the value rose by 66% to Rs 500 per sq.ft in 2007. The subsequent revision in 2012 saw a substantial increase of 500%, bringing the value to Rs 3,000 per sq.ft. However, in 2017, the value dropped by 33% to Rs 2,010 per sq.ft. The value then increased by 49% to Rs 3,000 per sq.ft in 2023, and finally, it rose by 10% to the current rate of Rs 3,300 per sq.ft in 2024.

There are no figures available for the revisions in the years not listed for this street. Overall, from 2002 to 2024, the guideline value has increased by 1100%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. The guideline value for Karpaga Vinayaga Colony - Main Road is above this median.

Stamp duty and registration fee for property in Karpaga Vinayaga Colony - Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karpaga Vinayaga Colony - Main Road?

The Karpaga Vinayaga Colony - Main Road is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value helps ensure that the transaction is documented accurately and fairly. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Karpaga Vinayaga Colony - Main Road?

The current guideline value for Karpaga Vinayaga Colony - Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 275 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 1100% over this period.

What is the registration office for Karpaga Vinayaga Colony - Main Road?

The registration office for Karpaga Vinayaga Colony - Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.

What is the land classification for Karpaga Vinayaga Colony - Main Road?

The land classification for Karpaga Vinayaga Colony - Main Road is Residential Class II Type - I.