Guideline Value for Karpaga Vinayagar Nagar

Karpaga Vinayagar Nagar guideline value

The current guideline value of Karpaga Vinayagar Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Karpaga Vinayagar Nagar has changed

The guideline value for Karpaga Vinayagar Nagar has remained stable at Rs 700 per sq.ft since the 2023 revision. Prior to this, the 2017 revision recorded a value of Rs 469 per sq.ft, marking a significant increase of 49% over the six-year period from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, the guideline value has increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, which aligns with the current guideline value of Karpaga Vinayagar Nagar.

• Kasthuri Nagar: Rs 1,200 per sq.ft (2024)
• Katchiapattu Middle Street: Rs 700 per sq.ft (2024)
• Katchipattu Colony Kamarajar Nagar: Rs 700 per sq.ft (2024)
• Keezh Pushkarani Street: Rs 700 per sq.ft (2024)
• Kammala Street: Rs 700 per sq.ft (2024)
• Kambar Street Extn: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Karpaga Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Karpaga Vinayagar Nagar?

The Sub Registrar Office that covers Karpaga Vinayagar Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Sriperumbudur A, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value for calculating stamp duty and registration fees during the transaction process.

When registering a property, the guideline value is used to assess the applicable fees, ensuring that all transactions comply with local regulations. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Karpaga Vinayagar Nagar?

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

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, from Rs 469 per sq.ft to Rs 700 per sq.ft in 2024. The value has remained the same at Rs 700 per sq.ft since the 2023 revision.

What is the land classification of Karpaga Vinayagar Nagar?

Karpaga Vinayagar Nagar is classified as Residential Class III Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the total fees would amount to Rs 63,000.

Where is the Sub Registrar Office located for Karpaga Vinayagar Nagar?

The Sub Registrar Office for Karpaga Vinayagar Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.