Guideline Value for Karpagakanni Amman Koil 4th Lane

Karpagakanni Amman Koil 4th Lane guideline value

The current guideline value for Karpagakanni Amman Koil 4th 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 4th Lane has changed

The guideline value for Karpagakanni Amman Koil 4th Lane has undergone several revisions over the years. In 2002, the guideline value was Rs 323 per sq.ft, which increased to Rs 355 per sq.ft in 2003. Following this, the value rose to Rs 550 per sq.ft in 2007, and then significantly increased to Rs 2,500 per sq.ft in 2012. However, it saw a decrease to Rs 1,675 per sq.ft in 2017. The value then rose again to Rs 2,500 per sq.ft in 2023 before reaching the current value of Rs 2,700 per sq.ft in 2024.

The changes between these revisions are notable. From 2002 to 2003, the increase was +10%. The value rose by +55% from 2003 to 2007, followed by a remarkable +355% increase from 2007 to 2012. The value then dropped by -33% from 2012 to 2017. The guideline value saw a substantial increase of +49% from 2017 to 2023, and finally, there was an increase of +8% from 2023 to 2024. There are no figures available for the years that do not have a registered value for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO with a guideline value for 2024 ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Karpagakanni Amman Koil 4th Lane below this median.

• Karpagakanni Amman Koil 3rd Lane: Rs 2,700 per sq.ft (2024)
• Karpagakanni Amman Koil 5th Lane: Rs 2,700 per sq.ft (2024)
• Karpagakanni Amman Koil 2nd Lane: Rs 2,700 per sq.ft (2024)
• Karpagakanni Amman Koil Street: Rs 2,700 per sq.ft (2024)
• Karpagakanni Amman Koil 1st Lane: 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 4th 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 fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Karpagakanni Amman Koil 4th Lane?

The Sub Registrar Office that covers Karpagakanni Amman Koil 4th 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 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 serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Karpagakanni Amman Koil 4th Lane?

The current guideline value of Karpagakanni Amman Koil 4th 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 the years.

What are the other streets with the same guideline value in Triplicane?

Other streets in Triplicane with the same guideline value of Rs 2,700 per sq.ft include Karpagakanni Amman Koil 1st Lane, 2nd Lane, 3rd Lane, 5th Lane, and Karpagakanni Amman Koil Street.

What is the stamp duty for a property in Karpagakanni Amman Koil 4th Lane?

The stamp duty for a property at the guideline value of Rs 2,700 per sq.ft is calculated at 7%. For a 1,000 sq.ft plot, this amounts to Rs 1,89,000.

Which office handles the registration for Karpagakanni Amman Koil 4th Lane?

The Triplicane Sub Registrar Office handles the registration for Karpagakanni Amman Koil 4th Lane, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.