Guideline Value for Karpagambal Nagar Main Road

Karpagambal Nagar Main Road guideline value

The current guideline value of Karpagambal Nagar Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Kottivakkam village under the Adayar SRO, and it is classified as Residential Class I Type - I.

How the guideline value of Karpagambal Nagar Main Road has changed

The guideline value for Karpagambal Nagar Main Road has seen significant changes over the years. In 2002, the value was Rs 754 per sq.ft, which rose to Rs 1,000 per sq.ft in 2003, marking a 33% increase. The value then increased dramatically by 200% to Rs 3,000 per sq.ft in 2007. Following this, the value saw a 33% decrease, settling at Rs 4,000 per sq.ft in 2012. However, it rebounded with a 49% increase to Rs 2,680 per sq.ft in 2017, and then increased to Rs 4,000 per sq.ft in 2023, before reaching the current value of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions of years not listed for this street. Overall, from 2002 to 2024, the guideline value has increased by 484%.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, making the current guideline value of Karpagambal Nagar Main Road above this median.

• Karpakambal Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Karpakambal Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Karumari Amman Koil 1st Street: Rs 1,700 per sq.ft (2024)
• Karumari Amman Koil 2nd Street: Rs 1,700 per sq.ft (2024)
• Kannappa Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Kannappa Nagar 1st Street: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total cost for these fees Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Karpagambal Nagar Main Road?

The Karpagambal Nagar Main Road falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Karpagambal Nagar Main Road is Rs 4,400 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 754 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 484%.

What is the stamp duty rate for properties in Karpagambal Nagar Main Road?

The stamp duty rate for properties in Karpagambal Nagar Main Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the median guideline value in Kottivakkam?

The median guideline value for streets in Kottivakkam is Rs 3,900 per sq.ft, while Karpagambal Nagar Main Road's current value is above this median.