Guideline Value for Karpaga Vinayagar Koil Street

Karpaga Vinayagar Koil Street guideline value

The current guideline value of Karpaga Vinayagar Koil Street is Rs 1,100 per sq.ft. This street is located in Pozhichalur village, under the Pammal SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Karpaga Vinayagar Koil Street has changed

The guideline value for Karpaga Vinayagar Koil Street has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 raised the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year. Notably, there are no figures available for this street in the register for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This indicates a significant rise in the value of the property over the years, with the most recent figure being Rs 1,100 per sq.ft as of July 1, 2024.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Karpaga Vinayagar Koil Street's 2024 figure below that median.

• Karnan Nagar: Rs 1,320 per sq.ft (2024)
• Karaunadhi Nagar: Rs 1,320 per sq.ft (2024)
• Kattabomman Street: Rs 1,320 per sq.ft (2024)
• Kannagi Street (3): Rs 1,320 per sq.ft (2024)
• Kannagi Street (12): Rs 1,320 per sq.ft (2024)
• Kavulbazaar Main Road: Rs 2,200 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. 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 Karpaga Vinayagar Koil Street?

The Karpaga Vinayagar Koil Street falls under 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 Pozhichalur

The guideline value is a critical factor in the registration process of property transactions in Pozhichalur. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value of the property for registration purposes. It is essential to be aware of the current guideline value to ensure compliance with the legal requirements during the transaction.

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 1,100 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 64% over this period.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Karpaga Vinayagar Koil Street?

Karpaga Vinayagar Koil Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Pozhichalur?

The median guideline value for streets in Pozhichalur is Rs 1,320 per sq.ft, which is higher than the current value of Karpaga Vinayagar Koil Street.