Guideline Value for Karpaga Valli Street

Karpaga Valli Street guideline value

The current guideline value of Karpaga Valli Street is Rs 805 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class II Type - II.

How the guideline value of Karpaga Valli Street has changed

The guideline value for Karpaga Valli Street has seen several revisions over the years. In 2012, the value was Rs 700 per sq.ft, which decreased to Rs 469 per sq.ft in 2017. Following this, the value rose significantly to Rs 805 per sq.ft in both 2023 and 2024, showing a 72% increase from 2017 to 2023. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2012 to 2024, there has been an overall increase of 15%. The guideline value remained stable from 2023 to 2024, with no percentage change.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median value for these streets is Rs 870 per sq.ft, placing Karpaga Valli Street's 2024 figure below this median.

• Karpagambal Street: Rs 880 per sq.ft (2024)
• Karnaswami Pillai Street: Rs 805 per sq.ft (2024)
• Karnam Street Extn: Rs 807 per sq.ft (2024)
• Karnam Street: Rs 807 per sq.ft (2024)
• Kannappa Gileri Street: Rs 805 per sq.ft (2024)
• Kannammaal Nagar: Rs 806 per sq.ft (2024)

Stamp duty and registration fee for property in Karpaga Valli Street

For a 1,000 sq.ft plot at the current rate of Rs 805 per sq.ft, the guideline value amounts to Rs 8,05,000. The stamp duty at 7% would be Rs 56,350, and the registration fee at 2% would be Rs 16,100, bringing the total to Rs 72,450. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karpaga Valli Street?

Karpaga Valli Street falls under the jurisdiction of the Ambattur Sub Registrar Office. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kovilpathagai. It is used as a basis for calculating stamp duty and registration fees, which are mandatory when registering property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Karpaga Valli Street?

The current guideline value of Karpaga Valli Street is Rs 805 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 805 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Kovilpathagai?

The median guideline value in Kovilpathagai is Rs 870 per sq.ft, while Karpaga Valli Street's 2024 figure is below this median.

What are the stamp duty and registration fees for properties in Karpaga Valli Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 72,450, based on the current guideline value of Rs 8,05,000.

Which office handles the registration for Karpaga Valli Street?

The Ambattur Sub Registrar Office handles the registration for Karpaga Valli Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.