Guideline Value for karma veerar kamaraj nagar phase 8

Karma Veerar Kamaraj Nagar Phase 8 guideline value

The current guideline value for Karma Veerar Kamaraj Nagar Phase 8 is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Manapakkam village and falls under the Chengleput Joint I SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Karma Veerar Kamaraj Nagar Phase 8 has changed

The guideline value for Karma Veerar Kamaraj Nagar Phase 8 has seen several revisions over the years. The most recent revision in 2024 maintains the rate at Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 134 per sq.ft, showing a significant increase of 49% to the 2023 figure. In 2012, the guideline value was Rs 200 per sq.ft, reflecting a decrease of 33% to the 2017 figure. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 revision recorded a value of Rs 200 per sq.ft, which was consistent with the 2024 revision. The changes in guideline values reflect the historical pricing trends in the area.

Guideline values in Manapakkam

In Manapakkam, there are 11 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the guideline value for Karma Veerar Kamaraj Nagar Phase 8.

• Kumaresan Nagar: Rs 200 per sq.ft (2024)
• New Krishna Nagar: Rs 500 per sq.ft (2024)
• Om Saravanabava Nagar Phase-I: Rs 500 per sq.ft (2024)
• Om Saravanabava Nagar Phase-II: Rs 200 per sq.ft (2024)
• Anna Nagar: Rs 200 per sq.ft (2024)
• Sai Jothi Avenue: Rs 254 per sq.ft (2024)

Stamp duty and registration fee for property in Karma Veerar Kamaraj Nagar Phase 8

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. 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 details.

Which Sub Registrar Office covers Karma Veerar Kamaraj Nagar Phase 8?

The Sub Registrar Office covering Karma Veerar Kamaraj Nagar Phase 8 is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Manapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during property transactions.

When a property is registered, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Karma Veerar Kamaraj Nagar Phase 8?

The current guideline value of Karma Veerar Kamaraj Nagar Phase 8 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Karma Veerar Kamaraj Nagar Phase 8?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,00,000. The stamp duty at 7% is Rs 14,000, and the registration fee at 2% is Rs 4,000, totaling Rs 18,000.

Which office handles registrations for Karma Veerar Kamaraj Nagar Phase 8?

The Chengleput Joint I Sub Registrar Office handles registrations for Karma Veerar Kamaraj Nagar Phase 8, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

Where can I find more information about guideline values in Manapakkam?

For more information about guideline values in Manapakkam, you can refer to the official registration department's resources or consult the guideline value register.