Guideline Value for KARPAGAMMAL NAGAR

Karpagammal Nagar guideline value

The current guideline value of Karpagammal Nagar, located in Perunthandalam village, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Karpagammal Nagar has changed

The guideline value for Karpagammal Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2024 revision. In the 2017 revision, the value was Rs 134 per sq.ft, marking a decrease of 33% from the 2012 figure. The 2023 revision also maintained the value at Rs 200 per sq.ft, showing a significant increase of 49% from the 2017 figure.

Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perunthandalam

In Perunthandalam, there are 8 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 200 to Rs 1,350 per sq.ft. The median value among these streets is Rs 374 per sq.ft, placing Karpagammal Nagar's 2024 figure below that median.

• New Golden City: Rs 200 per sq.ft (2024)
• Divine Meadows: Rs 500 per sq.ft (2024)
• Pcr Avenue: Rs 300 per sq.ft (2024)
• Sheer Garden: Rs 200 per sq.ft (2024)
• Vijay Raja's Exurb: Rs 448 per sq.ft (2024)
• Doctors Pcr Garden: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Karpagammal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 Karpagammal Nagar?

Karpagammal Nagar is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perunthandalam. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is sold, the higher of the guideline value or the sale price is used to calculate these fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Karpagammal Nagar?

The current guideline value of Karpagammal Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft in the 2012, 2023, and 2024 revisions. It was Rs 134 per sq.ft in the 2017 revision, which was a decrease from the previous value.

What is the classification of land in Karpagammal Nagar?

Karpagammal Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated in Karpagammal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a total of Rs 18,000 in fees, including stamp duty and registration fees.