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Guideline Value

Corporate

Guideline Value for Karpagam Garden 1st Cross Road

₹7700/sq.ft.

The guideline value for Karpagam Garden 1st Cross Road in Urur village (Adayar SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1918 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1622 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Karpagam Garden 1st Cross Road

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Karpagam Garden 1st Cross Road guideline value

The current guideline value of Karpagam Garden 1st Cross Road is Rs 7,700 per sq.ft, effective from 1 July 2024. This road is located in Urur village under the Adayar SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Karpagam Garden 1st Cross Road has changed

The guideline value for Karpagam Garden 1st Cross Road has seen several revisions over the years. In 2002, the value was Rs 1,622 per sq.ft, which increased to Rs 1,918 per sq.ft in 2003, marking an 18% rise. The value continued to rise significantly, reaching Rs 4,200 per sq.ft in 2007, which was a 119% increase from the previous figure. The 2012 revision saw a slight decrease to Rs 7,000 per sq.ft, a drop of 33%. However, it bounced back to Rs 4,690 per sq.ft in 2017, reflecting a 49% increase. The guideline value then increased to Rs 7,000 per sq.ft in 2023, before reaching the current value of Rs 7,700 per sq.ft in 2024, a rise of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 375%. There are no figures available for revisions in the years not mentioned in the register for this street.

Guideline values in Urur

In Urur, there are 176 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft, with a median value of Rs 6,600 per sq.ft. Karpagam Garden 1st Cross Road's 2024 guideline value of Rs 7,700 per sq.ft is above this median.

Stamp duty and registration fee for property in Karpagam Garden 1st Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, making the total charges Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karpagam Garden 1st Cross Road?

The Karpagam Garden 1st Cross Road falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Urur, the guideline value is used to calculate stamp duty and registration fees, which are necessary for legal documentation.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. Ensuring compliance with the guideline value helps in the smooth registration process at the Adayar SRO.

Frequently asked questions

What is the current guideline value of Karpagam Garden 1st Cross Road?

The current guideline value of Karpagam Garden 1st Cross Road is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,622 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, marking an overall increase of 375%.

What is the stamp duty for property in Karpagam Garden 1st Cross Road?

The stamp duty for property in Karpagam Garden 1st Cross Road is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Karpagam Garden 1st Cross Road?

The Sub Registrar Office covering Karpagam Garden 1st Cross Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the other streets in Urur with guideline values?

Other streets in Urur include Karpagam Garden 1st Link Street at Rs 6,600 per sq.ft, Karpagam Garden 1st Main Road at Rs 7,700 per sq.ft, and several others, with values ranging from Rs 6,600 to Rs 7,700 per sq.ft.