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Guideline Value

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Guideline Value for Karpagam Garden 2nd Main Road

₹7700/sq.ft.

The guideline value for Karpagam Garden 2nd 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 ₹1313 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1110 /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 Main Road

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Karpagam Garden 2nd Main Road guideline value

The current guideline value of Karpagam Garden 2nd Main Road is Rs 7,700 per sq.ft, effective from 1 July 2024. This road 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 2nd Main Road has changed

The guideline value for Karpagam Garden 2nd Main Road has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 1,110 per sq.ft. This increased to Rs 1,313 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 220% increase from the previous figure. The 2012 revision saw a decrease to Rs 7,000 per sq.ft, a drop of 33%. However, it rebounded to Rs 4,690 per sq.ft in 2017, reflecting a 49% increase. The most recent revisions show a rise to Rs 7,000 per sq.ft in 2023 and then to Rs 7,700 per sq.ft in 2024, marking a 10% increase.

There are no figures available for Karpagam Garden 2nd Main Road for the years not mentioned in the register. Overall, from 2002 to 2024, the guideline value has increased by 594%.

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. The guideline value of Karpagam Garden 2nd Main Road is above this median.

Stamp duty and registration fee for property in Karpagam Garden 2nd 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 be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total cost 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. You can use our stamp duty and registration fee calculator for more details.

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

The Karpagam Garden 2nd Main Road is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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

The guideline value plays a crucial role when buying or selling property in Urur. It is the basis for calculating the stamp duty and registration fees that are payable at the time of property registration. Buyers and sellers should be aware that the guideline value can affect the overall cost of the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

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

The current guideline value of Karpagam Garden 2nd 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 1,110 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 594%.

What is the registration office for Karpagam Garden 2nd Main Road?

The registration office for Karpagam Garden 2nd Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Karpagam Garden 2nd Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 77,00,000, the stamp duty would be calculated at 7% of this amount.

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

You can find more information on stamp duty and registration fees by using our stamp duty and registration fee calculator.