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Guideline Value

Corporate

Guideline Value for Karpagam Garden 5th Cross Road

₹7700/sq.ft.

The guideline value for Karpagam Garden 5th 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 ₹1521 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1286 /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 5th Cross Road

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Karpagam Garden 5th Cross Road guideline value

The current guideline value of Karpagam Garden 5th 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 5th Cross Road has changed

Since the 2002 revision, the guideline value for Karpagam Garden 5th Cross Road has seen significant changes. In 2002, the value was Rs 1,286 per sq.ft, which increased to Rs 1,521 per sq.ft in 2003, marking an 18% rise. The value then surged dramatically to Rs 4,200 per sq.ft in 2007, representing a 176% increase. Following that, it rose to Rs 7,000 per sq.ft in 2012, a 67% increase. However, the value dropped to Rs 4,690 per sq.ft in 2017, reflecting a decrease of 33%. The guideline value then increased to Rs 7,000 per sq.ft in 2023, before reaching the current rate of Rs 7,700 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 499%. The register does not contain figures for any other revisions for this street.

Guideline values in Urur

In Urur, there are 176 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,600 per sq.ft, placing Karpagam Garden 5th Cross Road above this median.

Stamp duty and registration fee for property in Karpagam Garden 5th 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 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karpagam Garden 5th Cross Road?

The Sub Registrar Office that covers Karpagam Garden 5th Cross Road is 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 property transactions in Urur. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value as it directly influences the costs involved in the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can significantly affect the total expenditure.

Frequently asked questions

What is the current guideline value of Karpagam Garden 5th Cross Road?

The current guideline value of Karpagam Garden 5th 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 1,286 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 499% over the years.

What is the stamp duty rate for properties in Karpagam Garden 5th Cross Road?

The stamp duty rate for properties in Karpagam Garden 5th Cross Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Karpagam Garden 5th Cross Road?

The Adayar Sub Registrar Office, which covers Karpagam Garden 5th Cross Road, is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the other streets with similar guideline values in Urur?

Other streets in Urur with similar guideline values include Karpagam Garden 6th Cross Road, Karpagam Garden 4th Cross Road, Karpagam Garden 7th Cross Road, and Karpagam Garden 3rd Cross Road, all at Rs 7,700 per sq.ft in 2024.