Guideline Value for Karpagakanni Amman Koil 2nd Lane

Karpagakanni Amman Koil 2nd Lane guideline value

The current guideline value of Karpagakanni Amman Koil 2nd Lane is Rs 2,700 per sq.ft. 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 2nd Lane has changed

The guideline value for Karpagakanni Amman Koil 2nd Lane has seen several revisions over the years. In 2002, the value was Rs 323 per sq.ft. This increased to Rs 355 per sq.ft in 2003, followed by a rise to Rs 550 per sq.ft in 2007. The value then experienced a significant jump to Rs 2,500 per sq.ft in 2012, which was followed by a decrease to Rs 1,675 per sq.ft in 2017. The value increased again to Rs 2,500 per sq.ft in 2023, and is now set at Rs 2,700 per sq.ft effective from 1 July 2024. There are no figures in the register for other revisions for this street.

Between these revisions, there have been notable changes. From 2002 to 2003, the increase was +10%. The value rose by +55% from 2003 to 2007. The jump from 2007 to 2012 was +355%, but then there was a decrease of -33% from 2012 to 2017. The value saw a substantial increase of +49% from 2017 to 2023, and the latest revision from 2023 to 2024 reflects an increase of +8%. 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. The guideline value for Karpagakanni Amman Koil 2nd Lane is below this median.

• Karpagakanni Amman Koil 1st Lane: Rs 2,700 per sq.ft (2024)
• Karpagakanni Amman Koil 3rd Lane: Rs 2,700 per sq.ft (2024)
• Karpagakanni Amman Koil 4th Lane: Rs 2,700 per sq.ft (2024)
• Karpagakanni Amman Koil 5th Lane: Rs 2,700 per sq.ft (2024)
• Karpagakanni Amman Koil Street: Rs 2,700 per sq.ft (2024)
• Kareem Subedar Lane: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Karpagakanni Amman Koil 2nd 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, bringing the total to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Karpagakanni Amman Koil 2nd Lane?

The Sub Registrar Office that covers Karpagakanni Amman Koil 2nd Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Karpagakanni Amman Koil 2nd Lane?

The current guideline value of Karpagakanni Amman Koil 2nd 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 2nd Lane?

Karpagakanni Amman Koil 2nd Lane is classified as Residential Special Type - V.

Which office handles the registration for Karpagakanni Amman Koil 2nd Lane?

The Triplicane Sub Registrar Office handles the registration for Karpagakanni Amman Koil 2nd Lane, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in Triplicane?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.