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Guideline Value

Corporate

Guideline Value for Karpagambal Nagar 1st Main Road

₹1540/sq.ft.

The guideline value for Karpagambal Nagar 1st Main Road in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 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

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
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.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Karpagambal Nagar 1st Main Road

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Karpagambal Nagar 1st Main Road guideline value

The current guideline value of Karpagambal Nagar 1st Main Road is Rs 1,540 per sq.ft, effective from 1 July 2024. This road is located in Thiruverkadu village and falls under the Kunrathur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Karpagambal Nagar 1st Main Road has changed

The guideline value for Karpagambal Nagar 1st Main Road has seen several revisions over the years. The earliest recorded revision was in 2012, which set the value at Rs 1,400 per sq.ft. This figure remained unchanged until the next revision in 2017, where it dropped to Rs 938 per sq.ft, a decrease of 33%. In 2023, the value increased significantly to Rs 1,400 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,540 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The jump from Rs 938 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2023 represents a notable increase of 49%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu village, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is equal to the guideline value of Karpagambal Nagar 1st Main Road.

Stamp duty and registration fee for property in Karpagambal Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total cost to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Karpagambal Nagar 1st Main Road?

The Karpagambal Nagar 1st Main Road is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Thiruverkadu. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value will be compared to the sale price, and the higher value will be used to calculate the applicable duties and fees. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Karpagambal Nagar 1st Main Road?

The current guideline value of Karpagambal Nagar 1st Main Road is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant changes occurring from 2017 to 2023, where it increased by 49%. The overall change from 2012 to 2024 is an increase of 10%.

What is the land classification for Karpagambal Nagar 1st Main Road?

The land classification for Karpagambal Nagar 1st Main Road is Residential Class I Type - I.

Where can I find the registration office for Karpagambal Nagar 1st Main Road?

The registration office for Karpagambal Nagar 1st Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated on property in Karpagambal Nagar 1st Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 15,40,000 would incur a stamp duty of Rs 1,07,800 at 7%.