Guideline Value for Karpagakanni Amman Koil 5th Lane

Karpagakanni Amman Koil 5th Lane guideline value

The current guideline value of Karpagakanni Amman Koil 5th 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 5th Lane has changed

The guideline value for Karpagakanni Amman Koil 5th Lane has seen several revisions over the years. In 2002, the value was Rs 323 per sq.ft, which increased to Rs 355 per sq.ft in 2003, marking a 10% rise. The value continued to climb, reaching Rs 550 per sq.ft in 2007, an increase of 55% from the previous revision. The 2012 revision saw a drop to Rs 2,500 per sq.ft, which was a decrease of 55% from 2007. The value then changed to Rs 1,675 per sq.ft in 2017, reflecting a 33% decrease from the 2012 figure. In 2023, the guideline value rose to Rs 2,500 per sq.ft, and in the latest revision for 2024, it stands at Rs 2,700 per sq.ft, an increase of 8%.

Overall, from 2002 to 2024, the guideline value has increased by 736%. There are no figures available for the revisions of years not mentioned in this article for Karpagakanni Amman Koil 5th Lane.

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. The median value for these streets is Rs 6,600 per sq.ft, placing Karpagakanni Amman Koil 5th Lane's 2024 figure below this median.

• Karpagakanni Amman Koil 4th Lane: Rs 2,700 per sq.ft (2024)
• Karpagakanni Amman Koil Street: Rs 2,700 per sq.ft (2024)
• Karpagakanni Amman Koil 3rd Lane: Rs 2,700 per sq.ft (2024)
• Karpagakanni Amman Koil 2nd Lane: 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 5th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees together to 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karpagakanni Amman Koil 5th Lane?

The Karpagakanni Amman Koil 5th Lane falls under the jurisdiction of 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 when registering property in Triplicane. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a value that reflects the current market standards.

When buying or selling property, the guideline value influences the stamp duty and registration fees, which are calculated based on this value. Therefore, understanding the guideline value is essential for both buyers and sellers in Triplicane.

Frequently asked questions

What is the current guideline value of Karpagakanni Amman Koil 5th Lane?

The current guideline value of Karpagakanni Amman Koil 5th 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 in 2024 include Karpagakanni Amman Koil 4th Lane, Karpagakanni Amman Koil Street, Karpagakanni Amman Koil 3rd Lane, Karpagakanni Amman Koil 2nd Lane, and Karpagakanni Amman Koil 1st Lane.

Where is the Triplicane Sub Registrar Office located?

The Triplicane Sub Registrar Office is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in Karpagakanni Amman Koil 5th Lane?

Stamp duty for properties in Karpagakanni Amman Koil 5th Lane is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 1,89,000 based on the current guideline value.