Guideline Value for KARPAGA VINAYAGAPURAM (SA)

Karpaga Vinayagapuram (Sa) guideline value

The current guideline value of Karpaga Vinayagapuram (Sa) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

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 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and the latest revision in 2024 has raised it further to Rs 660 per sq.ft. The register has no figure for this street in 2002, 2003, or 2007.

Between the revisions, there have been notable changes. The increase from 2017 to 2023 was +124%, while the decrease from 2012 to 2017 was -33%. Overall, from 2012 to 2024, the guideline value has increased by +65%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO carrying a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among 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 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karpaga Vinayagapuram (Sa)?

The Karpaga Vinayagapuram (Sa) area is covered by 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 details.

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

When buying or selling property in Sattamangalam, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used as a reference point for calculating these costs, ensuring that transactions are recorded at a consistent value.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. This value is updated periodically, reflecting changes in the real estate market and local regulations.

Frequently asked questions

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

The current guideline value of Karpaga Vinayagapuram (Sa) is Rs 660 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 increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

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

Karpaga Vinayagapuram (Sa) is classified as Residential Class I Type - III.

Which office handles registrations for Karpaga Vinayagapuram (Sa)?

The Chengleput Joint II Sub Registrar Office handles registrations for Karpaga Vinayagapuram (Sa), 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 at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 6,60,000, the stamp duty would be Rs 46,200.