Guideline Value for K K Nagar 4th Street

K K Nagar 4th Street guideline value

The current guideline value of K K Nagar 4th Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village, under the Alandur SRO, and is classified as Residential Class II Type - II.

How the guideline value of K K Nagar 4th Street has changed

The guideline value for K K Nagar 4th Street has seen several revisions over the years. The 2007 revision set the value at Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. Following this, the value rose to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,800 per sq.ft as of the 2024 revision.

In terms of percentage changes, from 2007 to 2012, there was a notable increase of 257%. However, from 2012 to 2017, the value decreased by 33%. The subsequent rise from 2017 to 2023 was 49%, and the latest increase from 2023 to 2024 is 12%. Overall, the guideline value has increased by 300% from 2007 to 2024.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a guideline value for 2024, ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, making K K Nagar 4th Street's current value below that median.

• K K Nagar 5th Street: Rs 2,800 per sq.ft (2024)
• K K Nagar 3rd Street: Rs 2,800 per sq.ft (2024)
• K K Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• K K Nagar 6th Street: Rs 2,800 per sq.ft (2024)
• K K Nagar 1st Street: Rs 2,800 per sq.ft (2024)
• K K Nagar 7th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in K K Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000. Together, these fees total Rs 2,52,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers K K Nagar 4th Street?

The Sub Registrar Office that covers K K Nagar 4th 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 online for more details.

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

The guideline value is a crucial factor during property transactions in Thalakanancherry. It serves as a reference point for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees.

Buyers and sellers must be aware that the guideline value may differ from the actual sale price. However, the stamp duty will be charged based on the higher of the two values, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of K K Nagar 4th Street?

The current guideline value of K K Nagar 4th 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 stamp duty rate for properties in K K Nagar 4th Street?

The stamp duty rate for properties in K K Nagar 4th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for K K Nagar 4th Street?

The Sub Registrar Office for K K Nagar 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value in Thalakanancherry?

The median guideline value in Thalakanancherry is Rs 3,900 per sq.ft, which is above the current value of K K Nagar 4th Street.