Guideline Value for Karpagambal Nagar

Karpagambal Nagar guideline value

The current guideline value of Karpagambal Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this street is Residential Class V Type - I.

How the guideline value of Karpagambal Nagar has changed

The guideline value for Karpagambal Nagar has undergone several revisions over the years. The earliest recorded figure is Rs 69 per sq.ft in 2002, which increased to Rs 100 per sq.ft in 2003, marking a 45% rise. Following this, the value reached Rs 200 per sq.ft in 2007, reflecting a 100% increase. The 2012 revision saw the value rise to Rs 900 per sq.ft, a significant jump of 350% from the previous figure. However, in 2017, the value decreased to Rs 603 per sq.ft, which was a decline of 33% from 2012. In 2023, the guideline value rose to Rs 900 per sq.ft, and the most recent revision in 2024 has established the current value at Rs 990 per sq.ft, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,335%. There are no figures available for the revisions in years other than those listed above.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, positioning Karpagambal Nagar's 2024 figure below that median.

• Karpagam Avenue: Rs 1,500 per sq.ft (2024)
• Karmegam Street: Rs 1,900 per sq.ft (2024)
• Karikalan Street (senthil nagar): Rs 2,700 per sq.ft (2024)
• Karumari Street(Devi Nagar): Rs 2,400 per sq.ft (2024)
• Karunanidhi Nagar (K.K.Nagar): Rs 2,200 per sq.ft (2024)
• Kannathasan Street (senthil nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Karpagambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, leading to a total of Rs 89,100. It is important to note that 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?

The Sub Registrar Office that covers Karpagambal Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value will influence the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value ensures that the government receives appropriate revenue through stamp duty. Thus, it is essential for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Karpagambal Nagar?

The current guideline value of Karpagambal Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 69 per sq.ft in 2002 to Rs 990 per sq.ft in 2024, reflecting an overall increase of 1,335%.

What is the land classification for Karpagambal Nagar?

Karpagambal Nagar is classified as Residential Class V Type - I.

Where can I find the Sub Registrar Office for Karpagambal Nagar?

The Sub Registrar Office for Karpagambal Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Karpagambal Nagar?

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, the total guideline value is Rs 9,90,000, leading to a stamp duty of Rs 69,300 at 7%.