Guideline Value for Karpagam Nagar , Ponniammanmedu (Ward-23)

Karpagam Nagar , Ponniammanmedu (Ward-23) guideline value

The current guideline value for Karpagam Nagar , Ponniammanmedu (Ward-23) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under Madhavaram village and the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Karpagam Nagar , Ponniammanmedu (Ward-23) has changed

The guideline value for Karpagam Nagar has seen significant changes over the years. In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 67% rise. The most recent revision in 2024 saw the value further increase to Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

There are no available figures for the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 83%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing Karpagam Nagar's 2024 figure above this median.

• Karpagam Nagar Annexe: Rs 2,200 per sq.ft (2024)
• Karpagam Nagar: Rs 2,200 per sq.ft (2024)
• Karthick Avenue: Rs 2,200 per sq.ft (2024)
• Karthick Nagar: Rs 2,200 per sq.ft (2024)
• Karthik Nagar (Ward-29): Rs 2,200 per sq.ft (2024)
• Karthik Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Karpagam Nagar , Ponniammanmedu (Ward-23)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Please 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 Karpagam Nagar , Ponniammanmedu (Ward-23)?

The Karpagam Nagar , Ponniammanmedu (Ward-23) area is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find more information, you can find your SRO.

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

The guideline value is an essential factor in the registration process of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated accurately.

When buying or selling property, it is crucial to be aware of the current guideline value, as it directly impacts the costs associated with registration. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Karpagam Nagar?

The current guideline value of Karpagam Nagar , Ponniammanmedu (Ward-23) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2012 to 2024?

From 2012 to 2024, the guideline value has increased by 83%, rising from Rs 1,200 per sq.ft to Rs 2,200 per sq.ft.

What was the guideline value in 2023?

The guideline value for Karpagam Nagar in 2023 was Rs 2,000 per sq.ft, which increased by 10% to Rs 2,200 per sq.ft in 2024.

Which Sub Registrar Office should I visit for transactions in Karpagam Nagar?

The Madhavaram Sub Registrar Office covers Karpagam Nagar , Ponniammanmedu (Ward-23), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Karpagam Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.