Guideline Value for Karpagam Garden 3rd Cross Road

Karpagam Garden 3rd Cross Road guideline value

The current guideline value of Karpagam Garden 3rd 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 it falls under the Residential Class I Type - I land classification.

How the guideline value of Karpagam Garden 3rd Cross Road has changed

The guideline value for Karpagam Garden 3rd Cross Road has seen several revisions over the years. In 2002, the guideline value was Rs 1,110 per sq.ft, which increased to Rs 1,452 per sq.ft in 2003, marking a 31% rise. The value then rose significantly to Rs 4,200 per sq.ft in 2007, reflecting a 189% increase. Following this, the 2012 revision saw a decrease to Rs 7,000 per sq.ft, a drop of 33%. The guideline value increased again to Rs 4,690 per sq.ft in 2017, a 49% rise from the previous revision. The 2023 revision set the value at Rs 7,000 per sq.ft, which was then increased by 10% to the current rate of Rs 7,700 per sq.ft in 2024.

There are no figures available for Karpagam Garden 3rd Cross Road in the years between the revisions listed. Overall, from 2002 to 2024, the guideline value has increased by 594%.

Guideline values in Urur

In Urur village, 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 3rd Cross Road is above this median.

• Karpagam Garden 2nd Main Road: Rs 7,700 per sq.ft (2024)
• Karpagam Garden 4th Cross Road: Rs 7,700 per sq.ft (2024)
• Karpagam Garden 2nd Link Street: Rs 6,600 per sq.ft (2024)
• Karpagam Garden 5th and 9th Cross Street: Rs 12,700 per sq.ft (2024)
• Karpagam Garden 2nd Cross Road: Rs 7,700 per sq.ft (2024)
• Karpagam Garden 5th Cross Road: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Karpagam Garden 3rd 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 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 Rs 6,93,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karpagam Garden 3rd Cross Road?

The Karpagam Garden 3rd 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 an essential factor during property registration in Urur. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

When a property is registered, the guideline value serves as a benchmark for calculating the associated costs. It is crucial for both parties to understand that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the transaction is fairly assessed.

Frequently asked questions

What is the current guideline value of Karpagam Garden 3rd Cross Road?

The current guideline value of Karpagam Garden 3rd 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 from Rs 1,110 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, showing an overall increase of 594% across the years.

What are the stamp duty and registration fees for properties in Karpagam Garden 3rd Cross Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 77,00,000, with stamp duty at Rs 5,39,000 and registration fees at Rs 1,54,000, totaling Rs 6,93,000.

Which Sub Registrar Office handles Karpagam Garden 3rd Cross Road?

The Adayar Sub Registrar Office covers Karpagam Garden 3rd Cross Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Karpagam Garden 3rd Cross Road?

Karpagam Garden 3rd Cross Road is classified as Residential Class I Type - I, indicating its suitability for residential purposes.