Guideline Value

Corporate

Guideline Value for KARPAGAMBAL NAGAR

₹330/sq.ft.

The guideline value for Karpagambal Nagar in Nanthiambakkam village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanthiambakkam

Village

Thiruvottiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹30 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹26 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Karpagambal Nagar

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Karpagambal Nagar guideline value

The current guideline value of Karpagambal Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Nanthiambakkam village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Karpagambal Nagar has changed

The guideline value for Karpagambal Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 26 per sq.ft, which increased to Rs 30 per sq.ft in 2003, marking a 15% rise. By 2007, the value jumped significantly to Rs 50 per sq.ft, reflecting a 67% increase. The 2012 revision set the value at Rs 300 per sq.ft, a substantial 500% increase from 2007. However, in 2017, the value decreased to Rs 201 per sq.ft, which was a drop of 33%. The guideline value then rose to Rs 300 per sq.ft in 2023, before reaching the current value of Rs 330 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1169%. There are no figures available for the revisions in years other than those specified.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which aligns with the guideline value of Karpagambal Nagar.

Stamp duty and registration fee for property in Karpagambal 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 to Rs 29,700. 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 Karpagambal Nagar?

The Karpagambal Nagar area falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nanthiambakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for assessing the value of the property. This helps in maintaining transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Karpagambal Nagar?

The current guideline value of Karpagambal Nagar is Rs 330 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 26 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 1169% over the years.

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

For a 1,000 sq.ft plot, the total guideline value would be Rs 3,30,000. The stamp duty would be Rs 23,100, and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which Sub Registrar Office covers Karpagambal Nagar?

The Thiruvottiyur Sub Registrar Office covers Karpagambal Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification of Karpagambal Nagar?

Karpagambal Nagar is classified as Residential Special Type - II, which indicates the type of residential development permitted in the area.