Guideline Value for LITTLE INDIA

Little India guideline value

The current guideline value of Little India in Karasangal village is Rs 115 per sq.ft, effective from 1 July 2024. This area falls under the Acchirapakkam SRO and is classified as Residential Class II Type - I.

How the guideline value of Little India has changed

In the 2023 revision, the guideline value for Little India was Rs 115 per sq.ft. The same value was maintained in the 2024 revision, indicating no change between these two years. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the guideline value has remained constant at Rs 115 per sq.ft from 2023 to 2024, with no recorded changes in the previous revisions. The consistent value suggests stability in the guideline value for this street over the recent years.

Guideline values in Karasangal

In Karasangal, there are 16 streets under the Acchirapakkam SRO that carry a 2024 guideline value, ranging from Rs 103 to Rs 115 per sq.ft. The median guideline value for these streets is Rs 103 per sq.ft, placing Little India above this median.

• Kudiyana Street: Rs 103 per sq.ft (2024)
• Kela Attrankarai Street: Rs 103 per sq.ft (2024)
• Keela Street: Rs 103 per sq.ft (2024)
• Mela theru: Rs 103 per sq.ft (2024)
• Nadu Attrankarai Street: Rs 103 per sq.ft (2024)
• Nadu Street: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Little India

For a 1,000 sq.ft plot at the current guideline value of Rs 115 per sq.ft, the total guideline value would be Rs 1,15,000. The stamp duty at 7% would amount to Rs 8,050, while the registration fee at 2% would be Rs 2,300, bringing the total fees to Rs 10,350. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Little India?

The Sub Registrar Office that covers Little India is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Karasangal. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark, ensuring that the transaction is recorded at a value that reflects the prevailing rates in the area, thereby facilitating a transparent and standardized process.

Frequently asked questions

What is the current guideline value of Little India?

The current guideline value of Little India in Karasangal village is Rs 115 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Little India has remained at Rs 115 per sq.ft from 2023 to 2024, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Karasangal?

The median guideline value for the 16 streets in Karasangal under the Acchirapakkam SRO is Rs 103 per sq.ft, with Little India being above this median at Rs 115 per sq.ft.

What are the stamp duty and registration fees for property in Little India?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 8,050 and the registration fee would be Rs 2,300, totaling Rs 10,350.

Where can I find the Sub Registrar Office for Little India?

The Sub Registrar Office for Little India is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.