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. This property is located in Panangottur 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 earliest recorded revision in 2012 set the value at Rs 400 per sq.ft, which then changed to Rs 268 per sq.ft in 2017, a decrease of 33%. The value rose to Rs 400 per sq.ft again in 2023, followed by the current value of Rs 440 per sq.ft effective from 1 July 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 990 per sq.ft, indicating that the guideline value for Karpaga Vinayagapuram (Sa) is 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 rate of Rs 440 per sq.ft, the 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. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karpaga Vinayagapuram (Sa)?

The Sub Registrar Office covering 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 more information.

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

The guideline value is a crucial factor during the registration of property transactions in Panangottur. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in determining the financial obligations related to the transaction. 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 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 changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 in 2023, and currently stands at Rs 440 per sq.ft in 2024.

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

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

What are the stamp duty and registration fees for property in Karpaga Vinayagapuram (Sa)?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where is the Sub Registrar Office for Karpaga Vinayagapuram (Sa) located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.