Guideline Value for Karthik Nagar

Karthik Nagar guideline value

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

How the guideline value of Karthik Nagar has changed

The guideline value for Karthik Nagar has undergone several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 200 per sq.ft, which is the same as the previous revision in 2023. Prior to this, the 2017 revision recorded a guideline value of Rs 134 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and there has been no change from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has also increased by 49%.

Guideline values in Nemili_B

Nemili_B village has a total of 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Karthik Nagar's 2024 figure below this median.

• Karanthangal Road(bangaluru main road to prince residentia): Rs 1,000 per sq.ft (2024)
• Kannammal Nagar: Rs 200 per sq.ft (2024)
• Kamatchi Nagar: Rs 250 per sq.ft (2024)
• Kamarajar Street: Rs 200 per sq.ft (2024)
• Kulakkarai Street: Rs 150 per sq.ft (2024)
• Kakkan Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Karthik Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. 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?

Karthik Nagar falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Nemili_B. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the correct fees are paid. This value serves as a benchmark for both buyers and sellers, providing a standard for property transactions within the region.

Frequently asked questions

What is the current guideline value of Karthik Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification of Karthik Nagar?

Karthik Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated in Karthik Nagar?

Stamp duty in Karthik Nagar is calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 14,000.