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Guideline Value

Corporate

Guideline Value for Karpagam Garden 2nd Cross Road

₹7700/sq.ft.

The guideline value for Karpagam Garden 2nd 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 ₹1347 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1139 /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 2nd Cross Road

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Karpagam Garden 2nd Cross Road guideline value

The current guideline value of Karpagam Garden 2nd Cross Road is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Urur village, under the Adayar SRO, and is classified as Residential Class I Type - I.

How the guideline value of Karpagam Garden 2nd Cross Road has changed

The guideline value for Karpagam Garden 2nd Cross Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,139 per sq.ft. It increased to Rs 1,347 per sq.ft in 2003, marking an 18% rise. The value then surged significantly to Rs 4,200 per sq.ft in 2007, a change of 212%. In 2012, the value was Rs 7,000 per sq.ft, reflecting a 67% increase from the previous revision. However, the 2017 revision saw a decrease to Rs 4,690 per sq.ft, which was a drop of 33%. The value rose again to Rs 7,000 per sq.ft in 2023, and the latest revision in 2024 has set the guideline value at Rs 7,700 per sq.ft, an increase of 10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 576%. There are no figures available for any other years for this street in the register.

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. The median value for these streets is Rs 6,600 per sq.ft, placing Karpagam Garden 2nd Cross Road above this median.

Stamp duty and registration fee for property in Karpagam Garden 2nd 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, bringing the total cost for these fees to 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.

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

Which Sub Registrar Office covers Karpagam Garden 2nd Cross Road?

The Karpagam Garden 2nd Cross Road falls under the Adayar Sub Registrar Office located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Urur. It determines the minimum price at which a property can be registered, ensuring that the transaction reflects a fair value according to government standards.

When buying or selling property, the guideline value is used to calculate applicable fees, such as stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline value.

Frequently asked questions

What is the current guideline value of Karpagam Garden 2nd Cross Road?

The current guideline value of Karpagam Garden 2nd 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 1,139 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 576% over this period.

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

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000, and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which office handles registrations for Karpagam Garden 2nd Cross Road?

The Adayar Sub Registrar Office handles registrations for Karpagam Garden 2nd Cross Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the significance of the guideline value when buying property?

The guideline value is used to determine the minimum registration price for properties, which affects the calculation of stamp duty and registration fees during a property transaction.