Guideline Value for KARPAGAM AVENUE 4TH STREET

Karpagam Avenue 4th Street guideline value

The current guideline value of Karpagam Avenue 4th Street is Rs 16,500 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Karpagam Avenue 4th Street has changed

Over the years, the guideline value of Karpagam Avenue 4th Street has seen significant changes. The 2002 revision recorded a guideline value of Rs 1,377 per sq.ft. This figure increased to Rs 1,530 per sq.ft in 2003, marking an increase of 11%. By 2007, the value surged to Rs 1,540 per sq.ft, a marginal increase of 1%. However, from 2007 to 2012, the value experienced a substantial rise to Rs 15,000 per sq.ft, reflecting an increase of 874%. In 2017, the value adjusted to Rs 10,050 per sq.ft, showing a decrease of 33%. The 2023 revision set the value at Rs 15,000 per sq.ft, followed by a 10% increase to the current value of Rs 16,500 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 1,098%. The register has no figures for the years not mentioned in the revisions above.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing Karpagam Avenue 4th Street above this median at Rs 16,500 per sq.ft.

• Karpagam Avenue 3rd Street: Rs 16,500 per sq.ft (2024)
• Karpagam Avenue (Sai Nagar): Rs 16,500 per sq.ft (2024)
• Karpagam Avenue 2nd Street: Rs 16,500 per sq.ft (2024)
• Karpagambal Main Road: Rs 11,500 per sq.ft (2024)
• Karpagam Avenue 1st Street: Rs 16,500 per sq.ft (2024)
• Karpagam Avenue: Rs 16,500 per sq.ft (2024)

Stamp duty and registration fee for property in Karpagam Avenue 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 16,500 per sq.ft, the total guideline value would be Rs 1,65,00,000. The stamp duty at 7% would amount to Rs 11,55,000, and the registration fee at 2% would be Rs 3,30,000, totaling Rs 14,85,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karpagam Avenue 4th Street?

The Karpagam Avenue 4th Street is covered by 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 an essential factor during the registration of property transactions in Mylapore. It serves as a reference point for determining the stamp duty and registration fees that must be paid by the buyer at the time of registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the official records. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Karpagam Avenue 4th Street?

The current guideline value of Karpagam Avenue 4th Street is Rs 16,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,377 per sq.ft in 2002 to Rs 16,500 per sq.ft in 2024, reflecting an overall increase of 1,098% over the years.

What is the registration fee for properties in Karpagam Avenue 4th Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 1,65,00,000, the registration fee would be Rs 3,30,000.

Which Sub Registrar Office covers Karpagam Avenue 4th Street?

The Mylapore Sub Registrar Office covers Karpagam Avenue 4th Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.