Guideline Value for K R C NAGAR

K R C Nagar guideline value

The current guideline value of K R C Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Meyur village, under the jurisdiction of the Oothukkottai SRO, and is classified as Residential Class I Type - I.

How the guideline value of K R C Nagar has changed

The guideline value for K R C Nagar has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 54 per sq.ft. This figure increased significantly to Rs 100 per sq.ft in the 2023 revision, marking an 85% increase. The current 2024 revision maintains this value at Rs 100 per sq.ft, showing no change from the previous year.

There are no recorded figures for K R C Nagar in the revisions of 2002, 2003, 2007, and 2012. Overall, from the initial value in 2017 to the current value in 2024, there has been an 85% increase in the guideline value.

Guideline values in Meyur

Meyur village features a range of guideline values across its streets. The 2024 guideline values for 12 streets under the Oothukkottai SRO range from Rs 100 to Rs 150 per sq.ft, with K R C Nagar's value aligning with the median of Rs 100 per sq.ft.

• Meyur Madarn City: Rs 100 per sq.ft (2024)
• Rv Nagar: Rs 100 per sq.ft (2024)
• Arul Babunagar: Rs 100 per sq.ft (2024)
• Angalamman Nagar: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue: Rs 100 per sq.ft (2024)
• Sri Muthappa Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in K R C Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers K R C Nagar?

K R C Nagar falls under the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Meyur. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable duties and fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of K R C Nagar?

The current guideline value of K R C Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision of Rs 54 per sq.ft to the current 2024 revision of Rs 100 per sq.ft, there has been an 85% increase in the guideline value for K R C Nagar.

Which office handles registrations for K R C Nagar?

The Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, handles registrations for K R C Nagar.

What are the stamp duty and registration fees for a property in K R C Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Are there other streets in Meyur with guideline values?

Yes, there are several other streets in Meyur with guideline values ranging from Rs 100 to Rs 150 per sq.ft, with K R C Nagar's value being equal to the median of Rs 100 per sq.ft.