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Guideline Value

Corporate

Guideline Value for Karpagam Garden 1st Link Street

₹6600/sq.ft.

The guideline value for Karpagam Garden 1st Link Street in Urur village (Adayar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /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.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 Link Street

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Karpagam Garden 1st Link Street guideline value

The current guideline value for Karpagam Garden 1st Link Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Urur village under the Adayar SRO, classified as Residential Class II Type - I.

How the guideline value of Karpagam Garden 1st Link Street has changed

Starting from the 2012 revision, the guideline value for Karpagam Garden 1st Link Street was Rs 6,000 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 4,020 per sq.ft. Following this, the 2023 revision increased the value significantly to Rs 6,000 per sq.ft, and the latest 2024 revision further increased it to Rs 6,600 per sq.ft, marking a 10% rise from the previous year.

In summary, the changes between revisions show a 49% increase from 2017 to 2023, while the overall change from 2012 to 2024 is a 10% increase. The register has no figures for the years 2002, 2003, and 2007 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 the median value being Rs 6,600 per sq.ft. The guideline value for Karpagam Garden 1st Link Street aligns perfectly with this median.

Stamp duty and registration fee for property in Karpagam Garden 1st Link Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karpagam Garden 1st Link Street?

The Karpagam Garden 1st Link Street 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 the registration process when buying or selling property in Urur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

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 and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Karpagam Garden 1st Link Street?

The current guideline value for Karpagam Garden 1st Link Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions. It was Rs 6,000 per sq.ft in 2012, decreased to Rs 4,020 per sq.ft in 2017, and then increased to Rs 6,000 per sq.ft in 2023, before reaching Rs 6,600 per sq.ft in 2024.

What is the land classification for Karpagam Garden 1st Link Street?

Karpagam Garden 1st Link Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, which covers Karpagam Garden 1st Link Street for registration purposes.