Guideline Value for Karpakambal Nagar 3rd Street

Karpakambal Nagar 3rd Street guideline value

The current guideline value of Karpakambal Nagar 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class I Type - I.

How the guideline value of Karpakambal Nagar 3rd Street has changed

The guideline value for Karpakambal Nagar 3rd Street has seen several revisions over the years. In 2003, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2007. Following that, the value rose to Rs 4,000 per sq.ft in 2012, before dropping to Rs 2,680 per sq.ft in 2017. The value then increased to Rs 4,000 per sq.ft in 2023, and finally to the current Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 340%. The register has no figure for this street in 2002.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO with a guideline value range from Rs 1,700 to Rs 8,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Karpakambal Nagar 3rd Street's 2024 guideline value above that median.

• Karpakambal Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Karpagambal Nagar Main Road: 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)
• Kasthuribai Nagar: Rs 3,300 per sq.ft (2024)
• Kannappa Nagar 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Karpakambal Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karpakambal Nagar 3rd Street?

The Karpakambal Nagar 3rd Street is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Kottivakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that all parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Karpakambal Nagar 3rd Street?

The current guideline value of Karpakambal Nagar 3rd Street 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 from Rs 1,000 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, with several revisions in between, including a drop to Rs 2,680 per sq.ft in 2017 and an increase to Rs 4,000 per sq.ft in 2023.

What is the range of guideline values in Kottivakkam?

The guideline values in Kottivakkam range from Rs 1,700 to Rs 8,500 per sq.ft, with a median value of Rs 3,900 per sq.ft.

What are the stamp duty and registration fees for properties in Karpakambal Nagar 3rd Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Karpakambal Nagar 3rd Street?

The Adayar Sub Registrar Office handles property registrations for Karpakambal Nagar 3rd Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.