Guideline Value

Corporate

Guideline Value for KARPAGATHARU NAGAR-PHASE-II

₹500/sq.ft.

The guideline value for Karpagatharu Nagar-phase-ii in Ikkadu village (Tiruvallur Joint 1 SRO, Chennai zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ikkadu

Village

Tiruvallur Joint 1

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹500 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.
044-27666992
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Karpagatharu Nagar-phase-ii

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Karpagatharu Nagar-Phase-II guideline value

The current guideline value of Karpagatharu Nagar-Phase-II is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Ikkadu village and falls under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - I.

How the guideline value of Karpagatharu Nagar-Phase-II has changed

Over the years, the guideline value for Karpagatharu Nagar-Phase-II has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision marked a decrease to Rs 335 per sq.ft. The value then increased significantly to Rs 500 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023, but a 0% change from 2023 to 2024. It is important to note that the register has no figures for the years 2002, 2003, and 2007.

In summary, from 2012 to 2024, the overall change in the guideline value is 0%, with the value fluctuating between Rs 335 per sq.ft and Rs 500 per sq.ft during this period. The 2024 guideline value of Rs 500 per sq.ft is above the median guideline value of Rs 400 per sq.ft for the 51 streets in Ikkadu under the Tiruvallur Joint 1 SRO.

Guideline values in Ikkadu

In Ikkadu village, the guideline values for 2024 range from Rs 100 to Rs 1,400 per sq.ft, with a median value of Rs 400 per sq.ft. Karpagatharu Nagar-Phase-II's 2024 guideline value of Rs 500 per sq.ft is above this median.

Stamp duty and registration fee for property in Karpagatharu Nagar-Phase-II

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 precise calculations.

Which Sub Registrar Office covers Karpagatharu Nagar-Phase-II?

The Karpagatharu Nagar-Phase-II area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ikkadu. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When a property is sold, the guideline value serves as a benchmark for taxation purposes. Buyers should be prepared to pay stamp duty based on either the guideline value or the sale price, whichever is higher, to comply with local regulations.

Frequently asked questions

What is the current guideline value of Karpagatharu Nagar-Phase-II?

The current guideline value of Karpagatharu Nagar-Phase-II is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, with the 2012 figure at Rs 500 per sq.ft, decreasing to Rs 335 per sq.ft in 2017, and then returning to Rs 500 per sq.ft in 2023 and 2024.

What is the median guideline value in Ikkadu?

The median guideline value in Ikkadu for 2024 is Rs 400 per sq.ft, with Karpagatharu Nagar-Phase-II's value above this median.

What are the stamp duty and registration fees for Karpagatharu Nagar-Phase-II?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 45,000, based on the guideline value of Rs 5,00,000.

Which office handles registrations for Karpagatharu Nagar-Phase-II?

The Tiruvallur Joint 1 Sub Registrar Office at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, is responsible for registrations in Karpagatharu Nagar-Phase-II.