Guideline Value for Karthikeyan Nagar

Karthikeyan Nagar guideline value

The current guideline value of Karthikeyan Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Appur village under the Chengleput Joint II SRO, and the land classification is Residential Special Type - I.

How the guideline value of Karthikeyan Nagar has changed

The guideline value for Karthikeyan Nagar has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 25 per sq.ft, which significantly increased to Rs 500 per sq.ft in the 2012 revision. However, it then decreased to Rs 335 per sq.ft in 2017. The 2023 revision maintained the value at Rs 500 per sq.ft, and the same rate continues into the 2024 revision, resulting in no percentage change from 2023 to 2024.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1900%.

Guideline values in Appur

In Appur village, there are 7 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 1,642 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, making Karthikeyan Nagar's 2024 figure equal to this median.

• Ekansha Avenue: Rs 1,642 per sq.ft (2024)
• Soundarya Nagar: Rs 500 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 500 per sq.ft (2024)
• Sunrais Avenue: Rs 500 per sq.ft (2024)
• Soundarya Nagar Phase - I: Rs 500 per sq.ft (2024)
• சௌந்தர்யா நகர் பேஸ் II: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Karthikeyan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, resulting in a total of Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karthikeyan Nagar?

The Chengleput Joint II Sub Registrar Office covers Karthikeyan Nagar. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Appur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Karthikeyan Nagar?

The current guideline value of Karthikeyan Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 25 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and has remained at Rs 500 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for Karthikeyan Nagar?

The land classification for Karthikeyan Nagar is Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Karthikeyan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 500 per sq.ft would incur a stamp duty of Rs 35,000.