Guideline Value for K K Nagar 10th Street

K K Nagar 10th Street guideline value

The current guideline value of K K Nagar 10th Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class II Type - II.

How the guideline value of K K Nagar 10th Street has changed

The guideline value for K K Nagar 10th Street has seen several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, culminating in the current value of Rs 2,800 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003.

Between the revisions, the changes are notable. From 2007 to 2012, there was an increase of 257%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 12% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for K K Nagar 10th Street is below this median.

• K K Nagar 1st Street: Rs 2,800 per sq.ft (2024)
• K K Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• K K Nagar 3rd Street: Rs 2,800 per sq.ft (2024)
• K K Nagar 4th Street: Rs 2,800 per sq.ft (2024)
• K K Nagar 5th Street: Rs 2,800 per sq.ft (2024)
• K K Nagar 6th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in K K Nagar 10th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K K Nagar 10th Street?

The Sub Registrar Office that covers K K Nagar 10th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thalakanancherry. It serves as a reference point for determining the stamp duty and registration fees that must be paid when a property is sold or purchased.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the correct fees are calculated based on either the guideline value or the sale price, whichever is higher. This ensures compliance with local regulations and helps in the accurate processing of property transactions.

Frequently asked questions

What is the current guideline value of K K Nagar 10th Street?

The current guideline value of K K Nagar 10th Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, showing an overall increase of 300% over the years.

What is the registration office for K K Nagar 10th Street?

The registration office for K K Nagar 10th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the stamp duty and registration fees for buying property in K K Nagar 10th Street?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Where can I find more information on guideline values in Thalakanancherry?

More information on guideline values in Thalakanancherry can be found in the registration department's guideline value register (TNReginet).