Guideline Value for Karuppankulam St (Elango Street)

Karuppankulam St (Elango Street) guideline value

The current guideline value of Karuppankulam St (Elango Street) is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Karuppankulam St (Elango Street) has changed

The guideline value for Karuppankulam St (Elango Street) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then followed by a decrease to Rs 670 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 1,000 per sq.ft. The current 2024 revision maintains this value with no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 1,000 per sq.ft.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft, with a median value of Rs 1,003 per sq.ft. The guideline value for Karuppankulam St (Elango Street) is below this median.

• Karukku Main Road 4th Street: Rs 1,000 per sq.ft (2024)
• Karukku Main Road 3rd Street: Rs 1,000 per sq.ft (2024)
• Karukku Main Road 2nd Street: Rs 1,000 per sq.ft (2024)
• Karukku Main Road 1st Street: Rs 1,000 per sq.ft (2024)
• Karukku Main Road: Rs 1,300 per sq.ft (2024)
• Kathiresan Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Karuppankulam St (Elango Street)

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000, making the total Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Karuppankulam St (Elango Street)?

The Sub Registrar Office covering Karuppankulam St (Elango Street) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Menambedu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. This value is used to assess the applicable fees, which are calculated based on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Karuppankulam St (Elango Street)?

The current guideline value of Karuppankulam St (Elango Street) is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,000 per sq.ft in both 2023 and 2024. The value was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012.

What is the land classification for Karuppankulam St (Elango Street)?

Karuppankulam St (Elango Street) is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Karuppankulam St (Elango Street) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Menambedu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft would incur a total of Rs 90,000 in fees, including stamp duty and registration fees.