Guideline Value for Karpagam Avenue

Karpagam Avenue guideline value

The current guideline value of Karpagam Avenue is Rs 800 per sq.ft. This street is located in Vengadamangalam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Karpagam Avenue has changed

The guideline value for Karpagam Avenue has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft. This increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 300% rise. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, reflecting a 33% drop. The most recent revision in 2023 saw the guideline value rise again to Rs 800 per sq.ft, which is a 49% increase from the previous figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 300%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Karpagam Avenue is one of the streets under the Gooduvancheri SRO, and there are no other streets in Vengadamangalam listed with guideline values.

Stamp duty and registration fee for property in Karpagam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total charges to Rs 72,000. 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.

Which Sub Registrar Office covers Karpagam Avenue?

The Sub Registrar Office that covers Karpagam Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

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

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Karpagam Avenue?

The current guideline value of Karpagam Avenue is Rs 800 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 200 per sq.ft in 2007 to Rs 800 per sq.ft in both 2012 and 2023, with a decrease to Rs 536 per sq.ft in 2017.

What is the land classification for Karpagam Avenue?

Karpagam Avenue is classified as Residential Special Type - II, which indicates its designated purpose for residential development.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 8,00,000 would incur stamp duty and registration fees based on that amount.