Guideline Value for Karpagambal Nagar

Karpagambal Nagar guideline value

The current guideline value of Karpagambal Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Nandhivaram village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special 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 from 2002, when the guideline value was Rs 132 per sq.ft. This increased significantly to Rs 328 per sq.ft in 2007, marking a rise of 148%. The value then surged to Rs 1,500 per sq.ft in 2012, reflecting an impressive increase of 357%. However, it dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The latest revisions show that the guideline value remained at Rs 1,500 per sq.ft in both 2023 and 2024, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by 1,036%. The register does not contain figures for the year 2003 for this street.

Guideline values in Nandhivaram

Nandhivaram village features a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, which is the same as the current value for Karpagambal Nagar.

• Karpagambal Nagar Extn: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total 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, bringing the total to 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Karpagambal Nagar?

The Karpagambal Nagar area 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 information.

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 determining the minimum value at which a 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 influence the overall transaction costs, as the stamp duty is calculated based on either the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers in the area.

Frequently asked questions

What is the current guideline value of Karpagambal Nagar?

The current guideline value of Karpagambal Nagar 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 changed from Rs 132 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 1,036% over this period.

What is the land classification for Karpagambal Nagar?

The land classification for Karpagambal Nagar is Residential Special Type - I.

Where can I find the registration office for Karpagambal Nagar?

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

How is stamp duty calculated in Karpagambal Nagar?

Stamp duty in Karpagambal Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000.