Guideline Value for KARPAGA VINAYAGAR KOIL STREET

Karpaga Vinayagar Koil Street guideline value

The current guideline value of Karpaga Vinayagar Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of Karpaga Vinayagar Koil Street has changed

The guideline value for Karpaga Vinayagar Koil Street has undergone several revisions since 2002. The value started at Rs 264 per sq.ft in 2002 and increased to Rs 650 per sq.ft in 2003, marking a significant rise of 146%. By 2007, the value further increased to Rs 800 per sq.ft, a change of 23%. The next revision in 2012 saw a decrease to Rs 3,000 per sq.ft, which was a reduction of 275%. In 2017, the value rose to Rs 2,010 per sq.ft, reflecting a 49% increase. The 2023 revision set the value at Rs 3,000 per sq.ft, before the latest increase to Rs 3,300 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1,150%. There are no figures available for the years not listed in the register for this street.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is the same as the current value for Karpaga Vinayagar Koil Street.

• Kanniah Street: Rs 2,200 per sq.ft (2024)
• Kannaki Street: Rs 2,800 per sq.ft (2024)
• Kazhiveli Salai: Rs 1,700 per sq.ft (2024)
• Kambar Street: Rs 2,800 per sq.ft (2024)
• Kamaraj Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 9th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Karpaga Vinayagar Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karpaga Vinayagar Koil Street?

The Karpaga Vinayagar Koil Street falls under the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Perungudi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Karpaga Vinayagar Koil Street?

The current guideline value of Karpaga Vinayagar Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 264 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking a total increase of 1,150% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office handles Karpaga Vinayagar Koil Street?

The Neelankarai Sub Registrar Office covers Karpaga Vinayagar Koil Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value in Perungudi?

The median guideline value in Perungudi is Rs 3,300 per sq.ft, which is the same as the current value for Karpaga Vinayagar Koil Street.