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 Ninna Karai village under the Chengleput Joint II SRO, 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 undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 400 per sq.ft, and the latest revision in 2024 raised it to Rs 440 per sq.ft. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, the value increased by 49% from 2017 to 2023. The overall change from the 2012 revision to the 2024 revision shows an increase of 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft as of 2024. The median guideline value in this area is Rs 1,100 per sq.ft, indicating that Karpaga Vinayagapuram (Sa) is below this median.

• Karikilaar Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Karumaan Kuttai (Ward -17): Rs 660 per sq.ft (2024)
• Karumariamman Koil Street (Ward -15): Rs 660 per sq.ft (2024)
• Karikaalan Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Karaikal Ammiyar Street (Per): Rs 1,321 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 would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, resulting in a total of Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karpaga Vinayagapuram (Sa)?

The Sub Registrar Office that covers Karpaga Vinayagapuram (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property transactions in Ninna Karai. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers should be aware that these costs are calculated based on the higher of the guideline value or the sale price.

When registering a property, it is essential to consider the guideline value, as it ensures compliance with local regulations. This value is updated periodically to reflect changes in the market and is an important factor in the registration process.

Frequently asked questions

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

The current guideline value of 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 seen several changes, with the most recent increase of 10% from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

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

Karpaga Vinayagapuram (Sa) is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Karpaga Vinayagapuram (Sa)?

The Sub Registrar Office for Karpaga Vinayagapuram (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties 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 at 7% would be Rs 30,800.