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Guideline Value

Corporate

Guideline Value for Karpagakanni Amman Koil 1st Lane

₹2700/sq.ft.

The guideline value for Karpagakanni Amman Koil 1st Lane in Triplicane village (Triplicane SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Triplicane

Village

Triplicane

SRO

Residential Special Type - V
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹550 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹355 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹323 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28611761
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Karpagakanni Amman Koil 1st Lane

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Karpagakanni Amman Koil 1st Lane guideline value

The current guideline value of Karpagakanni Amman Koil 1st Lane is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Special Type - V.

How the guideline value of Karpagakanni Amman Koil 1st Lane has changed

The guideline value for Karpagakanni Amman Koil 1st Lane has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 323 per sq.ft. This increased to Rs 355 per sq.ft in 2003, marking a rise of 10%. The value then rose significantly to Rs 550 per sq.ft in 2007, which was an increase of 55%. Following this, the 2012 revision maintained the value at Rs 2,500 per sq.ft, showing no change from the previous figure. The 2023 revision also kept the value at Rs 2,500 per sq.ft.

In the latest 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, reflecting an 8% rise from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 736%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft, with a median value of Rs 6,600 per sq.ft. Karpagakanni Amman Koil 1st Lane's 2024 figure is below this median.

Stamp duty and registration fee for property in Karpagakanni Amman Koil 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Karpagakanni Amman Koil 1st Lane?

The Karpagakanni Amman Koil 1st Lane falls under the jurisdiction of the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering a property in Triplicane. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased. During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees.

When a property is sold, buyers and sellers must ensure that the sale price is at least equal to the guideline value to avoid any legal issues. The registration process relies on this value to ensure compliance with local regulations and to facilitate accurate financial transactions.

Frequently asked questions

What is the current guideline value of Karpagakanni Amman Koil 1st Lane?

The current guideline value of Karpagakanni Amman Koil 1st Lane is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 323 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 736% over this period.

What is the land classification for Karpagakanni Amman Koil 1st Lane?

Karpagakanni Amman Koil 1st Lane is classified as Residential Special Type - V.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Karpagakanni Amman Koil 1st Lane?

The Triplicane Sub Registrar Office handles registrations for Karpagakanni Amman Koil 1st Lane, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.