Guideline Value for K.C.P. Nagar

K.C.P. Nagar guideline value

The current guideline value of K.C.P. Nagar in Vilangadupakkam village is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Redhills SRO and is classified as Residential Class III Type - I.

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

The guideline value for K.C.P. Nagar has seen several revisions over the years. The figures are as follows: in 2007, the value was Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. The value rose significantly to Rs 400 per sq.ft in 2023 and further increased to Rs 440 per sq.ft in 2024, marking a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 120%. The register has no figures for K.C.P. Nagar in 2002 and 2003.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft. The guideline value of K.C.P. Nagar matches the median value of Rs 440 per sq.ft.

• K.J. Nagar: Rs 440 per sq.ft (2024)
• Kanniamman Nagar Annex Part-I: Rs 770 per sq.ft (2024)
• Kumaran Nagar: Rs 550 per sq.ft (2024)
• Kanagammal Nagar: Rs 550 per sq.ft (2024)
• Kanagambal Nagar: Rs 550 per sq.ft (2024)
• Kamarajar Nagar: Rs 440 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, leading to a total of Rs 39,600. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers K.C.P. Nagar?

The K.C.P. Nagar area is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Vilangadupakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, ensuring that the transaction adheres to the current guideline value is essential for compliance with local regulations. This value helps in establishing a fair price for the property being transacted.

Frequently asked questions

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

The current guideline value of K.C.P. Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, marking a total increase of 120% over the years.

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

The stamp duty for a property valued at Rs 4,40,000 would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers K.C.P. Nagar?

K.C.P. Nagar is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a benchmark for establishing the price at which the property is registered.