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Guideline Value

Corporate

Guideline Value for Karpagam Garden 1st Main Road

₹7700/sq.ft.

The guideline value for Karpagam Garden 1st Main 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 ₹2697 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹2281 /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 Main Road

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Karpagam Garden 1st Main Road guideline value

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

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

The guideline value for Karpagam Garden 1st Main Road has seen several revisions over the years. In 2002, the value was Rs 2,281 per sq.ft. This increased to Rs 2,697 per sq.ft in 2003, marking an increase of 18%. The value continued to rise, reaching Rs 4,200 per sq.ft in 2007, which was a 56% increase from the previous figure. By 2012, the value was Rs 7,000 per sq.ft, reflecting a 67% increase from 2007. However, it dropped to Rs 4,690 per sq.ft in 2017, a decrease of 33%. The value then rose significantly to Rs 7,000 per sq.ft in 2023, followed by a further increase to the current rate of Rs 7,700 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 238%. The register has no figures for the years not mentioned in the revisions above.

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 Main Road's 2024 figure of Rs 7,700 per sq.ft is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, making the total fees together Rs 6,93,000. It is important to note that the 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 Garden 1st Main Road?

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

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

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

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate fees for property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

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

The current guideline value of Karpagam Garden 1st Main 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 2,281 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 238% over this period.

What is the stamp duty rate for properties in Karpagam Garden 1st Main Road?

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

Which office handles property registrations for Karpagam Garden 1st Main Road?

The Adayar Sub Registrar Office handles property registrations for Karpagam Garden 1st Main Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.