Guideline Value for KARPAGAMPAL NAGAR

Karpagampal Nagar guideline value

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

How the guideline value of Karpagampal Nagar has changed

Over the years, the guideline value of Karpagampal Nagar has seen several revisions. The 2012 revision set the guideline value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 200 per sq.ft, marking a 49% rise. The 2023 revision also maintained the same rate of Rs 200 per sq.ft, which continues into the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value from 2012 to 2024 has remained unchanged at Rs 200 per sq.ft.

Guideline values in Konari Kuppam

Currently, there are no specific village figures available for Konari Kuppam. Karpagampal Nagar is the only street listed under the Chengleput Joint II SRO in this area.

Stamp duty and registration fee for property in Karpagampal 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, making the total charges Rs 18,000. It is essential to note that the 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 Karpagampal Nagar?

The Karpagampal Nagar area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Konari Kuppam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

When a property transaction occurs, the guideline value helps in calculating the total cost involved in the registration process. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Karpagampal Nagar?

The current guideline value of Karpagampal 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 seen several revisions, with the most recent changes being a 49% increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, which has remained unchanged into 2024.

What is the stamp duty for property in Karpagampal Nagar?

The stamp duty for property in Karpagampal Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

What are the registration fees for property transactions?

The registration fee for property transactions in Karpagampal Nagar is 2% of the guideline value or the sale price, whichever is higher.

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. You can also find your specific SRO through the provided link.