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Guideline Value

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Guideline Value for Karpagam Avenue 2nd Cross Street

₹1700/sq.ft.

The guideline value for Karpagam Avenue 2nd Cross Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1700 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Karpagam Avenue 2nd Cross Street

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Karpagam Avenue 2nd Cross Street guideline value

The current guideline value of Karpagam Avenue 2nd Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024. 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 2nd Cross Street has changed

The guideline value for Karpagam Avenue 2nd Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft. However, this figure decreased to Rs 1,072 per sq.ft in the 2017 revision, marking a decline of 33%. The most recent revision in 2024 saw a significant increase, bringing the guideline value back up to Rs 1,700 per sq.ft, which represents a 59% increase from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 6%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values 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, indicating that Karpagam Avenue 2nd Cross Street's 2024 value is below this median.

Stamp duty and registration fee for property in Karpagam Avenue 2nd 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, bringing the total cost for these fees to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karpagam Avenue 2nd Cross Street?

The Karpagam Avenue 2nd Cross Street falls under the Selaiyur Sub Registrar Office 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 critical factor during property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value as it impacts the fees payable at the time of registration.

When a property is sold, the guideline value can influence the sale price. If the sale price is lower than the guideline value, the stamp duty and registration fees will be calculated based on the guideline value, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Karpagam Avenue 2nd Cross Street?

The current guideline value of Karpagam Avenue 2nd 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. This shows a decrease from 2012 to 2017 and a significant increase from 2017 to 2024.

What is the land classification for Karpagam Avenue 2nd Cross Street?

Karpagam Avenue 2nd Cross Street is classified as Residential Class I Type - II, which indicates its designated use for residential purposes.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles registrations for properties in the area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,00,000, the stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000.