Guideline Value for K K NAGAR

K K Nagar guideline value

The current guideline value of K K Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area falls within Thirumanikuppam village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - I.

How the guideline value of K K Nagar has changed

The guideline value for K K Nagar has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the value at Rs 134 per sq.ft, which remained unchanged at Rs 200 per sq.ft in the 2023 revision, marking a 49% increase from 2017 to 2023. The current 2024 revision also maintains the value at Rs 200 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. This consistent value of Rs 200 per sq.ft in both 2023 and 2024 highlights the stability in the guideline value for K K Nagar.

Guideline values in Thirumanikuppam

In Thirumanikuppam, there are 15 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 130 to Rs 200 per sq.ft. The median value for these streets is Rs 181 per sq.ft, positioning K K Nagar's 2024 figure above this median.

• Kannikapuram: Rs 130 per sq.ft (2024)
• Mariamman Kovil Street: Rs 130 per sq.ft (2024)
• Irular Colony: Rs 130 per sq.ft (2024)
• Chinna Street: Rs 130 per sq.ft (2024)
• Perumal Kovil Street: Rs 181 per sq.ft (2024)
• Ponniamman Kovil Street: Rs 155 per sq.ft (2024)

Stamp duty and registration fee for property in K K Nagar

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 or the sale price.

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

Which Sub Registrar Office covers K K Nagar?

K K Nagar is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Thirumanikuppam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties adhere to the legal requirements set by the Registration Department.

It is essential for buyers and sellers to understand that the guideline value may affect the overall transaction costs. Therefore, knowing the current guideline value helps in planning the financial aspects of the property transaction effectively.

Frequently asked questions

What is the current guideline value of K K Nagar?

The current guideline value of K K Nagar 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 2023 to 2024, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2024.

What are the other streets in Thirumanikuppam?

Other streets in Thirumanikuppam include Kannikapuram, Mariamman Kovil Street, Irular Colony, Chinna Street, Perumal Kovil Street, and Ponniamman Kovil Street, with values ranging from Rs 130 to Rs 181 per sq.ft in 2024.

What are the stamp duty and registration fees for K K Nagar?

The stamp duty for a property in K K Nagar is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 18,000.

Which office registers properties in K K Nagar?

The Sunguvarchattram Sub Registrar Office registers properties in K K Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.