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Guideline Value

Corporate

Guideline Value for KARPAGAM AVENUE (SAI NAGAR)

₹16500/sq.ft.

The guideline value for Karpagam Avenue (sai Nagar) in Mylapore village (Mylapore SRO, Chennai zone) is Rs 16500 per sq.ft, effective 1 July 2024. It was Rs 15000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹16500 /sq.ft.
From 1-4-2023 ₹15000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹15000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1540 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24640344
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Karpagam Avenue (sai Nagar)

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Karpagam Avenue (Sai Nagar) guideline value

The current guideline value of Karpagam Avenue (Sai Nagar) is Rs 16,500 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO and is classified as Residential Class I Type - I.

How the guideline value of Karpagam Avenue (Sai Nagar) has changed

Over the years, the guideline value for Karpagam Avenue (Sai Nagar) has experienced significant changes. The earliest recorded value was Rs 1,540 per sq.ft in 2007. This figure saw a substantial increase to Rs 15,000 per sq.ft in 2012, marking an increase of 874%. The guideline value remained unchanged at Rs 15,000 per sq.ft until the 2023 revision, when it increased by 0% to Rs 15,000 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 16,500 per sq.ft, reflecting a 10% increase from the previous year.

It is noteworthy that there are no recorded figures for Karpagam Avenue (Sai Nagar) in the revisions of 2002, 2003, and 2017. Overall, from 2007 to 2024, the guideline value has increased by 971%.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Karpagam Avenue (Sai Nagar) above this median at Rs 16,500 per sq.ft.

Stamp duty and registration fee for property in Karpagam Avenue (Sai Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 16,500 per sq.ft, the total guideline value amounts to Rs 1,65,00,000. The stamp duty at 7% would be Rs 11,55,000, and the registration fee at 2% would be Rs 3,30,000, bringing the total cost to Rs 14,85,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Karpagam Avenue (Sai Nagar)?

The Sub Registrar Office that covers Karpagam Avenue (Sai Nagar) is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process of property transactions in Mylapore. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than fluctuating market prices.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions, as all buyers and sellers are subject to the same valuation standards.

Frequently asked questions

What is the current guideline value of Karpagam Avenue (Sai Nagar)?

The current guideline value of Karpagam Avenue (Sai Nagar) is Rs 16,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,540 per sq.ft in 2007 to Rs 16,500 per sq.ft in 2024, which is a total increase of 971% over the years.

What are the stamp duty and registration fees for property in Karpagam Avenue (Sai Nagar)?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,65,00,000. The stamp duty at 7% would be Rs 11,55,000, and the registration fee at 2% would be Rs 3,30,000, totaling Rs 14,85,000.

Which Sub Registrar Office covers Karpagam Avenue (Sai Nagar)?

The Mylapore Sub Registrar Office covers Karpagam Avenue (Sai Nagar) and is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

Where can I find more information about other streets in Mylapore?

Information about other streets in Mylapore can be found on the Mylapore SRO's guideline value register, which lists various properties and their respective guideline values.