Guideline Value for KARTHICK GARDEN

Karthick Garden guideline value

The current guideline value of Karthick Garden is Rs 2,530 per sq.ft, effective from 1 July 2024. This area is located in Kerugambakkam village under the Pammal SRO, classified as Residential Class I Type - II.

How the guideline value of Karthick Garden has changed

The guideline value register shows no figures for Karthick Garden for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 2,530 per sq.ft.

There have been no changes between the revisions above, as the register has no figures for the earlier years mentioned. Therefore, the current value stands as the first recorded figure for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making Karthick Garden's 2024 figure above that median.

• Karpaga Vinayagar Koil Street: Rs 1,980 per sq.ft (2024)
• Kannathasan Street: Rs 1,980 per sq.ft (2024)
• Kochar Arjun Garden: Rs 2,750 per sq.ft (2024)
• Kochar's Neetu Arjun Garden: Rs 2,860 per sq.ft (2024)
• Kolapakkam Road: Rs 2,860 per sq.ft (2024)
• Kamarajar Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Karthick Garden

For a 1,000 sq.ft plot at the current rate of Rs 2,530 per sq.ft, the guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100 and the registration fee at 2% would be Rs 50,600, totaling Rs 2,27,700. 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 Karthick Garden?

The Sub Registrar Office that covers Karthick Garden is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Kerugambakkam

The guideline value plays a crucial role during the registration of property transactions in Kerugambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is referenced to determine the applicable charges. Buyers and sellers should be aware that the stamp duty is calculated based on the higher value between the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value of Karthick Garden?

The current guideline value of Karthick Garden is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for Karthick Garden in the years 2002, 2003, 2007, 2012, 2017, and 2023. The 2024 revision is the first figure recorded for this street.

What is the median guideline value in Kerugambakkam?

The median guideline value in Kerugambakkam is Rs 2,200 per sq.ft, while Karthick Garden's value is above this median.

What fees are applicable when registering property in Karthick Garden?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 2,27,700 in fees.

Where can I find the Sub Registrar Office for Karthick Garden?

The Pammal Sub Registrar Office covers Karthick Garden, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information about your SRO online.