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Guideline Value

Corporate

Guideline Value for Karpagam Garden 5th and 9th Cross Street

₹12700/sq.ft.

The guideline value for Karpagam Garden 5th And 9th Cross Street in Urur village (Adayar SRO, Chennai zone) is Rs 12700 per sq.ft, effective 1 July 2024. It was Rs 11500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹12700 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 And 9th Cross Street

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Karpagam Garden 5th and 9th Cross Street guideline value

The current guideline value of Karpagam Garden 5th and 9th Cross Street is Rs 12,700 per sq.ft, effective from 1 July 2024. This street is located in Urur village under the Adayar SRO, classified as Residential Special Type - I.

How the guideline value of Karpagam Garden 5th and 9th Cross Street has changed

The guideline value for Karpagam Garden 5th and 9th Cross Street has undergone several revisions over the years. The 2017 revision set the value at Rs 7,705 per sq.ft. This increased significantly to Rs 11,500 per sq.ft in the 2023 revision, marking a change of 49%. The most recent 2024 revision raised the guideline value to Rs 12,700 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 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, with a median value of Rs 6,600 per sq.ft. Karpagam Garden 5th and 9th Cross Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Karpagam Garden 5th and 9th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 12,700 per sq.ft, the total guideline value amounts to Rs 1,27,00,000. The stamp duty at 7% would be Rs 8,89,000, and the registration fee at 2% would be Rs 2,54,000, bringing the total fees to Rs 11,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Karpagam Garden 5th and 9th Cross Street?

The Karpagam Garden 5th and 9th Cross Street 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 a crucial factor when registering property transactions in Urur. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value is used to assess the applicable fees, ensuring that the transaction is recorded accurately in the official register. This process helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Karpagam Garden 5th and 9th Cross Street?

The current guideline value of Karpagam Garden 5th and 9th Cross Street is Rs 12,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,705 per sq.ft in 2017 to Rs 11,500 per sq.ft in 2023, and then to Rs 12,700 per sq.ft in 2024. This represents a 65% increase overall from 2017 to 2024.

What is the land classification for Karpagam Garden 5th and 9th Cross Street?

Karpagam Garden 5th and 9th Cross Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, second Street, Adyar, Chennai-20. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Karpagam Garden 5th and 9th Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 8,89,000.