Guideline Value for KARPAGA VINAYAGAPURAM (SA)

Karpaga Vinayagapuram (Sa) guideline value

The current guideline value of Karpaga Vinayagapuram (Sa) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village under the Chengleput Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Karpaga Vinayagapuram (Sa) has changed

The guideline value for Karpaga Vinayagapuram (Sa) has seen several revisions over the years. The earliest available figure is from 2012, where the value was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017, and then an increase to Rs 400 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 440 per sq.ft. The register has no figure for this street for the years 2002, 2003, and 2007.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Karpaga Vinayagapuram (Sa) below this median.

• Karikilaar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Karumaan Kuttai (Ward -17): Rs 550 per sq.ft (2024)
• Karumariamman Koil Street (Ward -15): Rs 440 per sq.ft (2024)
• Karikaalan Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Karaikal Ammiyar Street (Per): Rs 1,320 per sq.ft (2024)
• Kannikoil Street Kattankolathur (Ward -18): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Karpaga Vinayagapuram (Sa)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karpaga Vinayagapuram (Sa)?

The Karpaga Vinayagapuram (Sa) area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value for Karpaga Vinayagapuram (Sa)?

The current guideline value for Karpaga Vinayagapuram (Sa) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024. The register has no figure for this street for the years 2002, 2003, and 2007.

What is the land classification of Karpaga Vinayagapuram (Sa)?

Karpaga Vinayagapuram (Sa) is classified as Residential Class II Type - II, which indicates its intended use for residential purposes.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. This office handles registrations for properties in the area.

How is stamp duty calculated for property in Karpaga Vinayagapuram (Sa)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at a rate of 7%.