Guideline Value for Karthik Nagar Extn-IV

Karthik Nagar Extn-IV guideline value

The current guideline value of Karthik Nagar Extn-IV is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village, under the Gooduvancheri SRO, and is classified as Commercial Special Type - I.

How the guideline value of Karthik Nagar Extn-IV has changed

The guideline value for Karthik Nagar Extn-IV has undergone several revisions over the years. The register shows that in 2007, the value was Rs 245 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a 390% rise. However, from 2012 to 2017, the value decreased to Rs 804 per sq.ft, reflecting a 33% decline. The value then rose again to Rs 1,200 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 390%.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, which aligns with the guideline value of Karthik Nagar Extn-IV.

• Karthik Nagar Extn-V: Rs 1,200 per sq.ft (2024)
• Karthik Nagar Extn-III: Rs 1,200 per sq.ft (2024)
• Karthik Nagar Extn-VI: Rs 1,200 per sq.ft (2024)
• Karthik Nagar Extn-II: Rs 1,200 per sq.ft (2024)
• Karthik Nagar Extn-I: Rs 1,200 per sq.ft (2024)
• Karthik Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Karthik Nagar Extn-IV

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. 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 Karthik Nagar Extn-IV?

The Karthik Nagar Extn-IV area falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Madambakkam. It determines the minimum value at which the property can be registered, ensuring that the transaction is transparent and fair. Buyers must be aware that the guideline value can impact the overall costs associated with property transactions, including stamp duty and registration fees.

When registering a property, the guideline value serves as a reference point for calculating the applicable taxes. It is essential for both buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Karthik Nagar Extn-IV?

The current guideline value of Karthik Nagar Extn-IV is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent revisions showing no change from 2023 to 2024. The value has increased from Rs 245 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2024, marking an overall increase of 390%.

What are the other streets with the same guideline value in Madambakkam?

Several other streets in Madambakkam have the same guideline value of Rs 1,200 per sq.ft in 2024, including Karthik Nagar Extn-I, Karthik Nagar Extn-II, Karthik Nagar Extn-III, Karthik Nagar Extn-V, Karthik Nagar Extn-VI, and Karthik Nagar.

What are the fees associated with buying property in Karthik Nagar Extn-IV?

The fees associated with buying property include stamp duty at 7% and a registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,08,000.

Where can I find the Sub Registrar Office for Karthik Nagar Extn-IV?

The Gooduvancheri Sub Registrar Office covers Karthik Nagar Extn-IV. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.