Guideline Value for Karthick Nagar

Karthick Nagar guideline value

The current guideline value of Karthick Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Karthick Nagar has changed

The guideline value for Karthick Nagar has undergone significant changes over the years. In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. With the latest revision in 2024, it has increased to Rs 2,200 per sq.ft, marking a change of +64% from the previous figure.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. The only revisions with figures are from 2017 and 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, making Karthick Nagar's 2024 figure of Rs 2,200 per sq.ft above that median.

• Karthick Avenue: Rs 2,200 per sq.ft (2024)
• Karpagam Nagar , Ponniammanmedu (Ward-23): Rs 2,200 per sq.ft (2024)
• Karpagam Nagar Annexe: Rs 2,200 per sq.ft (2024)
• Karpagam Nagar: Rs 2,200 per sq.ft (2024)
• Karthik Nagar (Ward-29): Rs 2,200 per sq.ft (2024)
• Karthik Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Karthick Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the 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 Karthick Nagar?

The Sub Registrar Office that covers Karthick Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Madhavaram. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that the taxes are assessed fairly based on the property's value.

When a property is sold, the guideline value is used to determine the minimum price at which the property can be registered. Buyers must be aware of the guideline value to ensure they are meeting the necessary legal and financial requirements during the transaction.

Frequently asked questions

What is the current guideline value of Karthick Nagar?

The current guideline value of Karthick Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, which is a change of +64%.

Are there any years with no guideline value figures for Karthick Nagar?

Yes, there are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for Karthick Nagar.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft, which is lower than Karthick Nagar's current guideline value of Rs 2,200 per sq.ft.

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

The Sub Registrar Office for Karthick Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.