Guideline Value for Karpagam Avenue 1st Cross Street

Karpagam Avenue 1st Cross Street guideline value

The current guideline value of Karpagam Avenue 1st Cross Street is Rs 1,700 per sq.ft. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class I Type - II.

How the guideline value of Karpagam Avenue 1st Cross Street has changed

The guideline value for Karpagam Avenue 1st Cross Street has undergone several revisions. The oldest recorded figure is from 2012, which was Rs 1,600 per sq.ft. In 2017, the value decreased to Rs 1,072 per sq.ft, marking a decline of 33%. However, the most recent revision in 2024 has increased the guideline value to Rs 1,700 per sq.ft, reflecting a significant rise of 59% from the 2017 figure.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street. Overall, from 2012 to 2024, there has been a slight increase of 6% in the guideline value.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Karpagam Avenue 1st Cross Street's 2024 figure below that median.

• Karpagam Avenue: Rs 1,700 per sq.ft (2024)
• Karpagam Avenue 1st Street: Rs 1,700 per sq.ft (2024)
• Karpagam Avenue 2nd Cross Street: Rs 1,700 per sq.ft (2024)
• Karpagam Avenue 2nd Street: Rs 1,700 per sq.ft (2024)
• Karpagam Avenue Main Road: Rs 1,700 per sq.ft (2024)
• Karpagam Avenue Main Road 1st Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Karpagam Avenue 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000. Together, the total cost for these fees would be Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Karpagam Avenue 1st Cross Street?

The Karpagam Avenue 1st Cross Street falls under the jurisdiction of the Selaiyur Sub Registrar Office. The office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When buying or selling property, it is essential to consider the guideline value, as it can affect the overall cost of the transaction. Buyers and sellers should be aware of the current guideline value to ensure accurate financial planning during the property registration process.

Frequently asked questions

What is the current guideline value of Karpagam Avenue 1st Cross Street?

The current guideline value of Karpagam Avenue 1st Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, and then increased to Rs 1,700 per sq.ft in 2024.

Is there a guideline value for the years 2002, 2003, 2007, and 2023?

No, the register has no figure for Karpagam Avenue 1st Cross Street for the years 2002, 2003, 2007, and 2023.

What are the stamp duty and registration fees for a property in Karpagam Avenue 1st Cross Street?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.