Guideline Value for K.C.NAGAR

K.C.Nagar guideline value

The current guideline value of K.C.Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Selai village and falls under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - II.

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

Looking at the revisions, the guideline value for K.C.Nagar was Rs 300 per sq.ft in both the 2023 and 2024 revisions. The previous revision in 2017 recorded a value of Rs 201 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The 2012 revision also had a value of Rs 300 per sq.ft, showing a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 300 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Selai

In Selai village, there are five streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 300 to Rs 800 per sq.ft. The median value among these streets is Rs 500 per sq.ft, placing K.C.Nagar's 2024 figure below that median.

• J Town: Rs 800 per sq.ft (2024)
• R.P. Nagar: Rs 300 per sq.ft (2024)
• A.J.N Avenue: Rs 500 per sq.ft (2024)
• Jsr Garden: Rs 500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.C.Nagar?

K.C.Nagar falls under the Tiruvallur Joint 1 Sub Registrar Office located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For further information, you can find your SRO.

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

The guideline value is a critical factor in property transactions in Selai, as it determines the minimum value at which a property can be registered. This value is used by the registration office to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall cost of the transaction. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid any complications during registration.

Frequently asked questions

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

The current guideline value of K.C.Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent values being Rs 300 per sq.ft in both 2023 and 2024, and Rs 201 per sq.ft in 2017. The overall change from 2012 to 2024 has been +0%.

What are the other streets in Selai and their guideline values?

Other streets in Selai include J Town at Rs 800 per sq.ft, R.P. Nagar at Rs 300 per sq.ft, A.J.N Avenue at Rs 500 per sq.ft, and Jsr Garden at Rs 500 per sq.ft, all as per the 2024 revision.

What is the stamp duty for a property in K.C.Nagar?

The stamp duty for a property in K.C.Nagar is calculated at 7% of the guideline value. For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000.

Where is the Sub Registrar Office for K.C.Nagar located?

The Sub Registrar Office covering K.C.Nagar is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.