Guideline Value for Karpagakanni Amman Koil Street

Karpagakanni Amman Koil Street guideline value

The current guideline value of Karpagakanni Amman Koil Street 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 Street has changed

The guideline value for Karpagakanni Amman Koil Street has seen several revisions over the years. In 2007, the value was set at Rs 550 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 355%. However, it then decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The most recent revisions show a significant increase, with the value rising to Rs 2,500 per sq.ft in 2023 and reaching Rs 2,700 per sq.ft in 2024, an increase of 8% from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register 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 that carry a guideline value for 2024, 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, indicating that Karpagakanni Amman Koil Street's 2024 figure is below that median.

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

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, while the registration fee at 2% would be Rs 54,000. Together, these fees would total 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Karpagakanni Amman Koil Street?

The Karpagakanni Amman Koil Street falls under the Triplicane Sub Registrar Office located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For more information, you can 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 property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Buyers and sellers should consult the latest figures to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Karpagakanni Amman Koil Street?

The current guideline value of Karpagakanni Amman Koil Street 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 550 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 391% over the years.

What is the land classification for Karpagakanni Amman Koil Street?

Karpagakanni Amman Koil Street is classified as Residential Special Type - V.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Karpagakanni Amman Koil Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,43,000.