Guideline Value for KARPAGAM NAGAR

Karpagam Nagar guideline value

The current guideline value of Karpagam Nagar, located in Moorai-2 village under the Avadi SRO, is Rs 330 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Karpagam Nagar has changed

The guideline value for Karpagam Nagar has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 300 per sq.ft, which increased to Rs 330 per sq.ft in the 2024 revision, marking a 10% rise.

As of the 2024 revision, the guideline value stands at Rs 330 per sq.ft. This reflects an increase from the previous year's value of Rs 300 per sq.ft, indicating a notable change in the guideline value for this area.

Guideline values in Moorai-2

Moorai-2 village has a range of guideline values for its streets, with the 2024 figures varying from Rs 275 to Rs 440 per sq.ft. The guideline value for Karpagam Nagar is equal to the median value of Rs 330 per sq.ft for the area.

• Lakshmi Amman Nagar Annexe II: Rs 330 per sq.ft (2024)
• Harish Nagar: Rs 275 per sq.ft (2024)
• Ganga Avenue I: Rs 275 per sq.ft (2024)
• Sathya Nagar: Rs 440 per sq.ft (2024)
• Vijayashanthi Nagar: Rs 330 per sq.ft (2024)
• Thai Moogambikai Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Karpagam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karpagam Nagar?

Karpagam Nagar falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Moorai-2

The guideline value is a crucial factor in the registration process when buying or selling property in Moorai-2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is in line with the current market standards. This helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Karpagam Nagar?

The current guideline value of Karpagam Nagar is Rs 330 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Karpagam Nagar has changed from Rs 300 per sq.ft in 2023 to Rs 330 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

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

For a 1,000 sq.ft plot at the current guideline value, 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.

Which Sub Registrar Office covers Karpagam Nagar?

Karpagam Nagar is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Karpagam Nagar?

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