Guideline Value for Karpaga Vinayagar Koil Street

Karpaga Vinayagar Koil Street guideline value

The current guideline value of Karpaga Vinayagar Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Karpaga Vinayagar Koil Street has changed

Over the years, the guideline value for Karpaga Vinayagar Koil Street has seen several revisions. The earliest available figure is from 2012, which was Rs 1,600 per sq.ft. In 2017, it decreased to Rs 1,072 per sq.ft, marking a reduction of 33%. The value then rose significantly to Rs 1,600 per sq.ft in 2023, and currently stands at Rs 1,700 per sq.ft as of the 2024 revision, reflecting a 6% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Karpaga Vinayagar Koil Street is above this median.

• Karpaga Vinayagar Koil 2nd cross Street (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Karpaga Vinayagar Koil 1st cross Street (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Karumari Street: Rs 1,700 per sq.ft (2024)
• Karunya Cross street (Srinivasa nagar): Rs 1,300 per sq.ft (2024)
• Karunya street (Srinivasa nagar): Rs 1,300 per sq.ft (2024)
• kasilingam Cross Street (Iyappan nagar etxn.): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Karpaga Vinayagar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Together, the total cost for these fees would be Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Karpaga Vinayagar Koil Street?

The Karpaga Vinayagar Koil Street falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. For more details, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is documented at a fair price, reflecting the market conditions of the area. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Karpaga Vinayagar Koil Street?

The current guideline value of Karpaga Vinayagar Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and is currently Rs 1,700 per sq.ft in 2024.

What is the land classification of Karpaga Vinayagar Koil Street?

Karpaga Vinayagar Koil Street is classified as Residential Special Type - II.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations for Karpaga Vinayagar Koil Street?

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