Guideline Value for Karpagambal Street

Karpagambal Street guideline value

The current guideline value of Karpagambal Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Karpagambal Street has changed

The guideline value for Karpagambal Street has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value rose significantly to Rs 800 per sq.ft in the 2023 revision, and then increased by 10% to reach Rs 880 per sq.ft in the 2024 revision.

From 2017 to 2023, the increase was 49%, and the overall change from 2012 to 2024 is a 10% increase. The register does not provide figures for the years 2002, 2003, or 2007 for Karpagambal Street.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft. The median value among these streets is Rs 870 per sq.ft, positioning Karpagambal Street's 2024 figure above that median.

• Karpaga Valli Street: Rs 805 per sq.ft (2024)
• Karnaswami Pillai Street: Rs 805 per sq.ft (2024)
• Karnam Street Extn: Rs 807 per sq.ft (2024)
• Karnam Street: Rs 807 per sq.ft (2024)
• Kannappa Gileri Street: Rs 805 per sq.ft (2024)
• Kannammaal Nagar: Rs 806 per sq.ft (2024)

Stamp duty and registration fee for property in Karpagambal Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karpagambal Street?

The Sub Registrar Office that covers Karpagambal Street 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 information.

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

The guideline value is an essential factor during the registration of property in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the government registry.

When buying or selling property, the guideline value helps in assessing the fair value of the property for taxation purposes. It is important for both buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Karpagambal Street?

The current guideline value of Karpagambal Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Karpagambal Street?

Karpagambal Street is classified as Residential Class II Type - I.

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

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

How is stamp duty calculated for properties in Karpagambal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees can amount to Rs 79,200.