Guideline Value for Karpagambal Nagar Extn

Karpagambal Nagar Extn guideline value

The current guideline value of Karpagambal Nagar Extn is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Nandhivaram village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Karpagambal Nagar Extn has changed

The guideline value for Karpagambal Nagar Extn has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 328 per sq.ft. This value increased significantly to Rs 1,500 per sq.ft in 2012. However, it saw a decrease to Rs 1,005 per sq.ft in 2017. From 2017 to 2023, the value rose by 49% to maintain Rs 1,500 per sq.ft. Notably, there has been no change from 2023 to 2024, remaining at Rs 1,500 per sq.ft.

The revisions for the years 2002 and 2003 do not have figures recorded for Karpagambal Nagar Extn. Overall, from 2007 to 2024, the guideline value has increased by 357%.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing Karpagambal Nagar Extn at the median rate.

• Karpagambal Nagar: Rs 1,500 per sq.ft (2024)
• Karthik Nagar: Rs 1,000 per sq.ft (2024)
• Karunanidhi Nagar: Rs 1,500 per sq.ft (2024)
• Kameshwari Nagar: Rs 1,500 per sq.ft (2024)
• K.K. Avenue: Rs 1,500 per sq.ft (2024)
• Kamarajapuram: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Karpagambal Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karpagambal Nagar Extn?

The Karpagambal Nagar Extn is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Nandhivaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value as it can impact the overall cost of the transaction. Buyers should ensure that they are informed about the current rates to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Karpagambal Nagar Extn?

The current guideline value of Karpagambal Nagar Extn is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with significant increases and decreases. From 2007 to 2024, it has increased by 357%, with the most recent revision maintaining the value at Rs 1,500 per sq.ft.

What is the land classification of Karpagambal Nagar Extn?

Karpagambal Nagar Extn is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.