Guideline Value for KARPAGAM AMMAL NAGAR

Karpagam Ammal Nagar guideline value

The current guideline value of Karpagam Ammal Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This locality is situated in Athipattu village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Karpagam Ammal Nagar has changed

The guideline value for Karpagam Ammal Nagar has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 201 per sq.ft. This figure increased to Rs 300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 330 per sq.ft, reflecting a further increase of 10% from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Karpagam Ammal Nagar. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Athipattu

Athipattu village has 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft, with the median value being Rs 330 per sq.ft. The guideline value for Karpagam Ammal Nagar aligns with this median figure.

• Karaiyan Medu: Rs 330 per sq.ft (2024)
• Kannya Puram: Rs 330 per sq.ft (2024)
• Karumariamman Nagar: Rs 330 per sq.ft (2024)
• Karunya Nagar: Rs 330 per sq.ft (2024)
• Kaveri Nagar: Rs 330 per sq.ft (2024)
• Kamban Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Karpagam Ammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total charges Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karpagam Ammal Nagar?

The Sub Registrar Office that covers Karpagam Ammal Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Athipattu. 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.

Frequently asked questions

What is the current guideline value of Karpagam Ammal Nagar?

The current guideline value of Karpagam Ammal Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification of Karpagam Ammal Nagar?

Karpagam Ammal Nagar is classified as Residential Class I Type - I. This classification indicates the type of development and usage permitted in the area.

What are the stamp duty and registration fees for a property in Karpagam Ammal Nagar?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Karpagam Ammal Nagar located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. This office handles the registration of properties in the area.