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Guideline Value

Corporate

Guideline Value for Karpagakanni Amman Koil 3rd Lane

₹2700/sq.ft.

The guideline value for Karpagakanni Amman Koil 3rd 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 ₹1675 /sq.ft.
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 N/A
From 1-4-2002 To 31-3-2003 N/A
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 3rd Lane

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Karpagakanni Amman Koil 3rd Lane guideline value

The current guideline value of Karpagakanni Amman Koil 3rd Lane is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Karpagakanni Amman Koil 3rd Lane has changed

In the 2007 revision, the guideline value was Rs 550 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 355%. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft, reflecting a drop of 33%. The value then rose sharply to Rs 2,500 per sq.ft in 2023, an increase of 49%, before reaching the current value of Rs 2,700 per sq.ft in 2024, which is an 8% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 391%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO with a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, placing Karpagakanni Amman Koil 3rd Lane's 2024 figure below this median.

Stamp duty and registration fee for property in Karpagakanni Amman Koil 3rd Lane

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karpagakanni Amman Koil 3rd Lane?

The Sub Registrar Office that covers Karpagakanni Amman Koil 3rd Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for additional information.

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

The guideline value is a crucial factor in property transactions in Triplicane. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the higher amount between the guideline value and the sale price is considered for calculating the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Karpagakanni Amman Koil 3rd Lane?

The current guideline value of Karpagakanni Amman Koil 3rd 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 seen several changes, starting from Rs 550 per sq.ft in 2007, rising to Rs 2,500 in 2012, dropping to Rs 1,675 in 2017, and increasing to Rs 2,500 in 2023 before reaching the current value of Rs 2,700 in 2024.

What is the land classification for Karpagakanni Amman Koil 3rd Lane?

The land classification for Karpagakanni Amman Koil 3rd Lane is Residential Special Type - V.

Which Sub Registrar Office is responsible for this area?

The Triplicane Sub Registrar Office is responsible for Karpagakanni Amman Koil 3rd Lane, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at a rate of 7%.