Guideline Value for KARUKKAN THOPPU (WARD-21)

Karukkan Thoppu (Ward-21) guideline value

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

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

The guideline value for Karukkan Thoppu (Ward-21) has undergone several revisions over the years. The earliest available revision is from 2012, where the value was set at Rs 600 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 402 per sq.ft. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and then to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the revisions, the most notable change was from 2017 to 2023, where the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value for Karukkan Thoppu (Ward-21) is below this median.

• Kattupakkam (Ward-21): Rs 660 per sq.ft (2024)
• Kannammal Street Narasimman Nagar (Ward -21): Rs 881 per sq.ft (2024)
• Kannagi Street (Ward-21): Rs 660 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)
• Konathi Selliamman Koil 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 rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

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

The Chengleput Joint II Sub Registrar Office covers Karukkan Thoppu (Ward-21). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important figure used during the registration process when buying or selling property in Thailavaram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is sold, the buyer and seller must refer to the guideline value to ensure that the transaction is compliant with local regulations. This helps in determining the official value of the property for taxation purposes, ensuring transparency in the real estate market.

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, indicating its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

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

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

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