Guideline Value for karpagambal Nagar Annuxe

karpagambal Nagar Annuxe guideline value

The current guideline value for karpagambal Nagar Annuxe is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Madanandapuram village under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of karpagambal Nagar Annuxe has changed

The guideline value for karpagambal Nagar Annuxe has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 3,200 per sq.ft in 2012, marking a remarkable rise of 433%. However, by 2017, the value decreased to Rs 2,144 per sq.ft, reflecting a decline of 33%. The value then saw a substantial increase to Rs 3,200 per sq.ft in 2023, and finally reached Rs 3,520 per sq.ft in the 2024 revision, which is a 10% increase from the previous year. There are no figures available for the years 2002 and 2003 in the register for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 487%. The changes between the revisions highlight the fluctuations in property values over the years, with the most significant increase occurring between 2007 and 2012.

Guideline values in Madanandapuram

Madanandapuram village has a range of guideline values across its 94 streets under the Kunrathur SRO, with the 2024 figures varying from Rs 2,530 to Rs 5,830 per sq.ft. The median guideline value for this village is Rs 3,520 per sq.ft, which is equal to the guideline value for karpagambal Nagar Annuxe.

• karpagambal Nagar: Rs 3,520 per sq.ft (2024)
• Karumari Amman Nagar: Rs 3,520 per sq.ft (2024)
• Kannappan Nagar: Rs 3,520 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 3,520 per sq.ft (2024)
• Kalyani Avenue: Rs 3,190 per sq.ft (2024)
• Kalyan Avenue: Rs 3,190 per sq.ft (2024)

Stamp duty and registration fee for property in karpagambal Nagar Annuxe

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, making the total charges Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers karpagambal Nagar Annuxe?

The Sub Registrar Office that covers karpagambal Nagar Annuxe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor when it comes to the registration of property transactions in Madanandapuram. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of karpagambal Nagar Annuxe?

The current guideline value of karpagambal Nagar Annuxe is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 600 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, which is an overall increase of 487% over the years.

What is the land classification for karpagambal Nagar Annuxe?

The land classification for karpagambal Nagar Annuxe is Residential Special Type - II.

What are the stamp duty and registration fees for property in karpagambal Nagar Annuxe?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 35,20,000, the total charges would amount to Rs 3,16,800.

Which office handles registrations for karpagambal Nagar Annuxe?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, handles registrations for karpagambal Nagar Annuxe.