Guideline Value for KARPAGAMBAL ST

Karpagambal St guideline value

The current guideline value of Karpagambal St is Rs 804 per sq.ft, effective from 1 July 2024. This street is located in Mitnamalle village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Karpagambal St has changed

The guideline value for Karpagambal St has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and then surged to Rs 804 per sq.ft in the 2024 revision, marking a 101% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a 49% increase. Overall, comparing the 2012 revision to the current 2024 figure, the guideline value has increased by 101%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft. The median value is Rs 802 per sq.ft, placing Karpagambal St's 2024 figure above that median.

• Kambar St: Rs 804 per sq.ft (2024)
• Kalathu Mettu St: Rs 802 per sq.ft (2024)
• High School St: Rs 804 per sq.ft (2024)
• Hava Nagar: Rs 802 per sq.ft (2024)
• Main Road: Rs 802 per sq.ft (2024)
• Happy Garden: Rs 802 per sq.ft (2024)

Stamp duty and registration fee for property in Karpagambal St

For a 1,000 sq.ft plot at the current guideline value of Rs 804 per sq.ft, the total guideline value amounts to Rs 8,04,000. The stamp duty at 7% would be Rs 56,280, and the registration fee at 2% would be Rs 16,080, making the total cost for these fees Rs 72,360. 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 Karpagambal St?

The Karpagambal St 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 Mitnamalle

The guideline value is a crucial factor in the registration process when buying or selling property in Mitnamalle. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during property transactions.

When a property is registered, the guideline value is used to determine the applicable fees. Buyers and sellers should be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the fees reflect the true value of the property.

Frequently asked questions

What is the current guideline value of Karpagambal St?

The current guideline value of Karpagambal St is Rs 804 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 804 per sq.ft in 2024.

What is the land classification for Karpagambal St?

Karpagambal St is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in Karpagambal St?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 72,360.

Where can I find the Sub Registrar Office for Karpagambal St?

The Sub Registrar Office covering Karpagambal St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.