Guideline Value for RANGAYAM KARUPAR AVENUE

Rangayam Karupar Avenue guideline value

The current guideline value of Rangayam Karupar Avenue is Rs 600 per sq.ft. This street is located in Kandular village, under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Rangayam Karupar Avenue has changed

The guideline value for Rangayam Karupar Avenue has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. However, in the 2017 revision, it decreased to Rs 402 per sq.ft, marking a decline of 33%. The subsequent 2023 revision brought the value back up to Rs 600 per sq.ft, and it remained unchanged in the 2024 revision, which is also Rs 600 per sq.ft, indicating a 0% change from 2023 to 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to the 2012 level of Rs 600 per sq.ft. Overall, comparing the values from 2012 to 2024, there has been no net change, with the guideline value remaining at Rs 600 per sq.ft throughout this period.

Guideline values in Kandular

Kandular village has a range of guideline values for its streets, with 20 streets under the Chengleput Joint II SRO carrying a 2024 figure ranging from Rs 600 to Rs 650 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which is equal to the current guideline value of Rangayam Karupar Avenue.

• Pallava Garden: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - I: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase-II&iii: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - IV: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - V: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - VI: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Rangayam Karupar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, while the registration fee at 2% would be Rs 12,000. Together, the total fees would be Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rangayam Karupar Avenue?

The Sub Registrar Office that covers Rangayam Karupar Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Kandular. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during the registration process. Buyers and sellers must refer to the latest guideline value to ensure compliance with the registration requirements.

When a property is registered, the guideline value is used to determine the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. It is essential to stay updated on any changes in the guideline value, as this can impact the overall costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Rangayam Karupar Avenue?

The current guideline value of Rangayam Karupar Avenue is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft in 2012, 2023, and 2024, with a decrease to Rs 402 per sq.ft in 2017. The value increased by 49% from 2017 to 2023.

What is the land classification for Rangayam Karupar Avenue?

The land classification for Rangayam Karupar Avenue is Residential Special Type - I.

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.

How is the stamp duty calculated for properties in Rangayam Karupar Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 600 per sq.ft, the stamp duty would be Rs 42,000.