Guideline Value for A.K.Nagar

A.K.Nagar guideline value

The current guideline value of A.K.Nagar, located in Kobarasanallur village under the Kunrathur SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This area falls under the land classification of Mixed Special Type - II.

How the guideline value of A.K.Nagar has changed

The guideline value for A.K.Nagar has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, this figure saw a decrease to Rs 1,206 per sq.ft in 2017. The most recent revisions show an increase from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, reflecting a 10% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 560%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kobarasanallur

Kobarasanallur village has 28 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,180 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, which is the same as the current value for A.K.Nagar.

• Aishwarya Garden Annexe: Rs 1,650 per sq.ft (2024)
• Aishwarya Garden: Rs 1,980 per sq.ft (2024)
• Adi Sakthi Nagar: Rs 1,980 per sq.ft (2024)
• Anandam Nagar: Rs 1,980 per sq.ft (2024)
• Bagyalakshmi Nagar: Rs 1,980 per sq.ft (2024)
• Bharathi Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in A.K.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. 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 A.K.Nagar?

A.K.Nagar is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Kobarasanallur. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of property. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in accurately assessing the costs involved in property transactions.

Frequently asked questions

What is the current guideline value of A.K.Nagar?

The current guideline value of A.K.Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 560% during this period.

What are the stamp duty rates for property in A.K.Nagar?

The stamp duty for property in A.K.Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for A.K.Nagar?

The Sub Registrar Office covering A.K.Nagar is the Kunrathur SRO, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for A.K.Nagar?

A.K.Nagar falls under the land classification of Mixed Special Type - II, which is relevant for determining the guideline value.