Guideline Value for KARPAGAM NAGAR

Karpagam Nagar guideline value

The current guideline value of Karpagam Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kalvai village, under the Thiruporur SRO, and is classified as Residential Special Type - II.

How the guideline value of Karpagam Nagar has changed

The guideline value for Karpagam Nagar has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly by 49%, returning to Rs 600 per sq.ft. The 2024 revision has maintained this value at Rs 600 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for Karpagam Nagar in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 600 per sq.ft.

Guideline values in Kalvai

In Kalvai village, there are 31 streets under the Thiruporur SRO, with 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Karpagam Nagar's 2024 figure below this median.

• Maruthi Avenue: Rs 1,000 per sq.ft (2024)
• Mgm Green Hill: Rs 3,000 per sq.ft (2024)
• Dhanalakshmi Garden: Rs 1,764 per sq.ft (2024)
• Bhavatharani Nagar Part I & II: Rs 1,493 per sq.ft (2024)
• Ramakrishna Avenue: Rs 1,800 per sq.ft (2024)
• Amsa Nagar: Rs 1,493 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total charges Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karpagam Nagar?

Karpagam Nagar falls under the jurisdiction of the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Karpagam Nagar?

The current guideline value of Karpagam Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with significant revisions in 2012, 2017, 2023, and 2024. From 2012 to 2017, it decreased, then increased from 2017 to 2023, and has remained the same since.

What is the land classification of Karpagam Nagar?

Karpagam Nagar is classified as Residential Special Type - II. This classification affects the guideline value and property transactions in the area.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for properties in Karpagam Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 6,00,000 would incur a stamp duty of Rs 42,000 at the rate of 7%.