Guideline Value for Karpagam Avenue

Karpagam Avenue guideline value

The current guideline value of Karpagam Avenue is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Karpagam Avenue has changed

The guideline value of Karpagam Avenue has seen significant changes over the years. In 2002, the value was Rs 138 per sq.ft, which increased to Rs 175 per sq.ft in 2003, marking a 27% increase. By 2007, the value rose dramatically to Rs 200 per sq.ft, a change of 14%. The 2012 revision saw another substantial increase to Rs 1,400 per sq.ft, reflecting a 600% rise from the previous figure. The most recent revision in 2024 set the guideline value at Rs 1,500 per sq.ft, a 7% increase from 2012.

It is important to note that there are no figures available for the revisions in 2017 and 2023 for this street. Overall, from 2002 to 2024, Karpagam Avenue has experienced a remarkable increase of 987% in its guideline value.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. Karpagam Avenue's 2024 figure of Rs 1,500 per sq.ft is below this median.

• Karpagambal Nagar: Rs 990 per sq.ft (2024)
• Karmegam Street: Rs 1,900 per sq.ft (2024)
• Karikalan Street (senthil nagar): Rs 2,700 per sq.ft (2024)
• Karumari Street(Devi Nagar): Rs 2,400 per sq.ft (2024)
• Karunanidhi Nagar (K.K.Nagar): Rs 2,200 per sq.ft (2024)
• Kannathasan Street (senthil nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Karpagam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, leading to a total of Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Karpagam Avenue?

Karpagam Avenue is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is used to assess the applicable charges, ensuring that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Karpagam Avenue?

The current guideline value of Karpagam Avenue is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 138 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 987% over this period.

What is the land classification for Karpagam Avenue?

Karpagam Avenue is classified as Residential Class III Type - II, which indicates its designation for residential purposes.

Where can I find the Sub Registrar Office for Karpagam Avenue?

The Sub Registrar Office covering Karpagam Avenue is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Karpagam Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 15,00,000 would incur a stamp duty of Rs 1,05,000 at a rate of 7%.