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Guideline Value

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Guideline Value for SRI KARPARGA VINAYAGAR NAGAR

₹680/sq.ft.

The guideline value for Sri Karparga Vinayagar Nagar in Perumpakkam village (Tiruvallur Joint 1 SRO, Chennai zone) is Rs 680 per sq.ft, effective 1 July 2024. It was Rs 626 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perumpakkam

Village

Tiruvallur Joint 1

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹680 /sq.ft.
From 1-4-2023 ₹626 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹419 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.
044-27666992
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Karparga Vinayagar Nagar

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Sri Karparga Vinayagar Nagar guideline value

The current guideline value of Sri Karparga Vinayagar Nagar in Perumpakkam village is Rs 680 per sq.ft, effective from 1 July 2024. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of Sri Karparga Vinayagar Nagar has changed

The guideline value for Sri Karparga Vinayagar Nagar has seen several revisions over the years. The earliest recorded revision was in 2017, with a guideline value of Rs 419 per sq.ft. This figure increased to Rs 626 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 680 per sq.ft, which represents a 9% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 62%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perumpakkam

In Perumpakkam, there are 17 streets under the Tiruvallur Joint 1 SRO that have a guideline value for 2024, ranging from Rs 680 to Rs 1,650 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value of Sri Karparga Vinayagar Nagar is below this median.

Stamp duty and registration fee for property in Sri Karparga Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 680 per sq.ft, the total guideline value would be Rs 6,80,000. The stamp duty at 7% would amount to Rs 47,600, and the registration fee at 2% would be Rs 13,600, bringing the total charges to Rs 61,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Karparga Vinayagar Nagar?

Sri Karparga Vinayagar Nagar falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value helps establish a fair price for the transaction, reflecting the current market conditions as determined by the local authorities. Buyers and sellers should be aware of these values to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Sri Karparga Vinayagar Nagar?

The current guideline value of Sri Karparga Vinayagar Nagar is Rs 680 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 419 per sq.ft in 2017 to Rs 680 per sq.ft in 2024, marking an overall increase of 62% over the seven years.

What are the stamp duty rates in Sri Karparga Vinayagar Nagar?

The stamp duty rate in Sri Karparga Vinayagar Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Sri Karparga Vinayagar Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Sri Karparga Vinayagar Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the significance of the guideline value when buying property?

The guideline value is significant as it determines the stamp duty and registration fees payable during property transactions. It ensures that buyers and sellers are aware of the legal and financial obligations involved in property registration.