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Guideline Value

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Guideline Value for Karpagambal Nagar 2nd Main 3rd Cross Street

₹1540/sq.ft.

The guideline value for Karpagambal Nagar 2nd Main 3rd Cross Street 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 2nd Main 3rd Cross Street

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Karpagambal Nagar 2nd Main 3rd Cross Street guideline value

The current guideline value of Karpagambal Nagar 2nd Main 3rd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Karpagambal Nagar 2nd Main 3rd Cross Street has changed

The guideline value for Karpagambal Nagar 2nd Main 3rd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,400 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,540 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO with 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 2nd Main 3rd Cross Street.

Stamp duty and registration fee for property in Karpagambal Nagar 2nd Main 3rd Cross Street

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, totaling Rs 1,38,600. 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 detailed calculations.

Which Sub Registrar Office covers Karpagambal Nagar 2nd Main 3rd Cross Street?

The Karpagambal Nagar 2nd Main 3rd Cross Street falls under the jurisdiction of 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 crucial factor during property registration in Thiruverkadu. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Karpagambal Nagar 2nd Main 3rd Cross Street?

The current guideline value of Karpagambal Nagar 2nd Main 3rd Cross Street 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 changed multiple times, starting from Rs 1,400 per sq.ft in 2012, decreasing to Rs 938 per sq.ft in 2017, and then increasing to Rs 1,400 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 1,540 per sq.ft.

What is the median guideline value in Thiruverkadu?

The median guideline value for the 178 streets in Thiruverkadu under the Kunrathur SRO is Rs 1,540 per sq.ft, which is the same as the guideline value for Karpagambal Nagar 2nd Main 3rd Cross Street.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 15,40,000, the stamp duty is calculated at 7%, amounting to Rs 1,07,800, and the registration fee at 2%, which is Rs 30,800. The total costs together would be Rs 1,38,600.

Which office handles property registrations for Karpagambal Nagar 2nd Main 3rd Cross Street?

The Kunrathur Sub Registrar Office handles property registrations for Karpagambal Nagar 2nd Main 3rd Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.