Guideline Value for KARPAGA VINAYAGAPURAM (SA)

Karpaga Vinayagapuram (Sa) guideline value

The current guideline value of Karpaga Vinayagapuram (Sa) is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Peramanoor 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 most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, which is an increase from Rs 500 per sq.ft in 2023, reflecting a 10% rise. Prior to that, the value was Rs 335 per sq.ft in 2017, marking a significant increase of 49% to the 2023 figure. The value was Rs 500 per sq.ft in 2012, which indicates a decrease of 33% to the 2017 figure. 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. Therefore, the first recorded figure was Rs 500 per sq.ft in 2012, followed by the revisions in 2017, 2023, and the current value in 2024.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Karpaga Vinayagapuram (Sa) below that median.

• Karikilaar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Karumaan Kuttai (Ward -17): Rs 660 per sq.ft (2024)
• Karumariamman Koil Street (Ward -15): Rs 550 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 660 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. It is important to note that the 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 precise calculations based on your specific property 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 more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property in the market.

Frequently asked questions

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

The current guideline value of Karpaga Vinayagapuram (Sa) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024. It was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012, showing various increases and decreases over the years.

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

Karpaga Vinayagapuram (Sa) is classified as Residential Class II Type - II, which influences its guideline value and usage.

Where can I find the registration office for Karpaga Vinayagapuram (Sa)?

The registration 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)?

The stamp duty for properties in Karpaga Vinayagapuram (Sa) is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,50,000, the stamp duty would be calculated at 7% of that amount.