Guideline Value for KARUKKAN THOPPU (WARD-21)

Karukkan Thoppu (Ward-21) guideline value

The current guideline value of Karukkan Thoppu (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Konathi village under the Chengleput Joint II SRO, and the land classification is Residential Class II Type - I.

How the guideline value of Karukkan Thoppu (Ward-21) has changed

The guideline value for Karukkan Thoppu has seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which remained the same until the next revision in 2017, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value back up to Rs 600 per sq.ft, and the most recent revision in 2024 set it at Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint II SRO with a 2024 guideline value range from Rs 440 to Rs 2,500 per sq.ft. The median guideline value is Rs 770 per sq.ft, and Karukkan Thoppu's 2024 figure is below that median.

• Kattupakkam (Ward-21): Rs 660 per sq.ft (2024)
• Kannammal Street Narasimman Nagar (Ward -21): Rs 880 per sq.ft (2024)
• Kannagi Street (Ward-21): Rs 660 per sq.ft (2024)
• K.K.Avenue: Rs 2,200 per sq.ft (2024)
• Konathi 1st Cross Street (Ward-21): Rs 660 per sq.ft (2024)
• Konathi 2nd Cross Street (Ward-21): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Karukkan Thoppu (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karukkan Thoppu (Ward-21)?

The Sub Registrar Office covering Karukkan Thoppu (Ward-21) is 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 Konathi

The guideline value is a crucial factor when registering property in Konathi. It serves as a benchmark for determining the value of the property for stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications tied to the property transaction, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Karukkan Thoppu (Ward-21)?

The current guideline value of Karukkan Thoppu (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Karukkan Thoppu (Ward-21)?

The land classification for Karukkan Thoppu (Ward-21) is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Karukkan Thoppu (Ward-21)?

The Sub Registrar Office for Karukkan Thoppu (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Karukkan Thoppu (Ward-21)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 6,60,000 would incur a stamp duty of Rs 46,200 at 7%.