Guideline Value for KARPAGAM GARDEN

Karpagam Garden guideline value

The current guideline value of Karpagam Garden, located in Nochimedu village under the Poonamallee SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - III.

How the guideline value of Karpagam Garden has changed

The guideline value for Karpagam Garden has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures are Rs 1,005 per sq.ft from the 2023 revision and Rs 1,100 per sq.ft from the 2024 revision, showing an increase of 9% between these two years.

In 2023, the guideline value was Rs 1,005 per sq.ft, which was an increase from the previous figures. The 2024 revision has set the value at Rs 1,100 per sq.ft, indicating a notable rise in the guideline value for this street.

Guideline values in Nochimedu

In Nochimedu, there are three streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 165 to Rs 1,100 per sq.ft. The median value for these streets is Rs 330 per sq.ft, placing Karpagam Garden's 2024 figure above this median.

• Adidravider Kudieruppu: Rs 165 per sq.ft (2024)
• Shree Vaari Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Karpagam Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, together totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karpagam Garden?

The Sub Registrar Office that covers Karpagam Garden is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your SRO, visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nochimedu. It determines the amount of stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property is sold, the guideline value helps establish a baseline for the transaction. Buyers and sellers must consider this value to ensure that they are meeting the legal requirements for registration.

Frequently asked questions

What is the current guideline value of Karpagam Garden?

The current guideline value of Karpagam Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, reflecting a 9% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 in the register.

What are the guideline values of other streets in Nochimedu?

In Nochimedu, other streets have the following guideline values: Adidravider Kudieruppu at Rs 165 per sq.ft and Shree Vaari Nagar at Rs 330 per sq.ft for 2024.

What is the stamp duty for property in Karpagam Garden?

The stamp duty for property in Karpagam Garden is 7% of the guideline value. For a plot valued at Rs 11,00,000, the stamp duty would amount to Rs 77,000.

Where can I find the Sub Registrar Office for Karpagam Garden?

The Sub Registrar Office for Karpagam Garden is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.