Guideline Value for Sri Karpagavinayagar Nagar

Sri Karpagavinayagar Nagar guideline value

The current guideline value of Sri Karpagavinayagar Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sri Karpagavinayagar Nagar has changed

The guideline value for Sri Karpagavinayagar Nagar has remained at Rs 700 per sq.ft since the 2023 revision, which also recorded the same value. Prior to that, in the 2017 revision, the guideline value was Rs 469 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 700 per sq.ft. Overall, from 2017 to 2024, the guideline value has also increased by 49%, maintaining the same rate of Rs 700 per sq.ft in both 2023 and 2024 revisions.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 700 per sq.ft, placing Sri Karpagavinayagar Nagar at this median rate.

• Sri Karpaga vinayaga Nagar: Rs 1,000 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 1,000 per sq.ft (2024)
• SriJakath guru Jayendra sankarapuram: Rs 1,000 per sq.ft (2024)
• Srimadhe Ramanujar Nagar: Rs 700 per sq.ft (2024)
• Srimadhe Ramanujar Nagar Part - II: Rs 700 per sq.ft (2024)
• Sri Ganapathy sindicate: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Karpagavinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that 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 details.

Which Sub Registrar Office covers Sri Karpagavinayagar Nagar?

The Sri Karpagavinayagar Nagar area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Karpagavinayagar Nagar?

The current guideline value of Sri Karpagavinayagar Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since the 2023 revision. It increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000. Duty is charged on the higher of the guideline value and the sale price.

Which Sub Registrar Office covers this area?

The Sriperumpudur Sub Registrar Office covers Sri Karpagavinayagar Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification of Sri Karpagavinayagar Nagar?

Sri Karpagavinayagar Nagar is classified as Residential Class III Type - I, which indicates its suitability for residential development.