Guideline Value for K.C.R. NAGAR PHASE -II

K.C.R. Nagar Phase -II guideline value

The current guideline value of K.C.R. Nagar Phase -II is Rs 1,344 per sq.ft. This area is located in Neelamangalam village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of K.C.R. Nagar Phase -II has changed

The guideline value for K.C.R. Nagar Phase -II has remained consistent at Rs 1,344 per sq.ft from the 2023 revision through the 2024 revision, indicating no change between these two years. Prior to this, the register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

In the 2024 revision, the guideline value is Rs 1,344 per sq.ft, which is the same as the previous year's figure. This shows that there has been a 0% change from 2023 to 2024.

Guideline values in Neelamangalam

In Neelamangalam, there are 41 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 600 per sq.ft. K.C.R. Nagar Phase -II's guideline value is above this median.

• K.C.R.Nagar: Rs 1,344 per sq.ft (2024)
• Kesavan Garden: Rs 1,300 per sq.ft (2024)
• Kavalkaran Nagar: Rs 600 per sq.ft (2024)
• Kkr Nagar: Rs 900 per sq.ft (2024)
• Kamaraj Nagar: Rs 600 per sq.ft (2024)
• Madhan Square: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in K.C.R. Nagar Phase -II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,344 per sq.ft, the total guideline value amounts to Rs 13,44,000. The stamp duty at 7% would be Rs 94,080, and the registration fee at 2% would be Rs 26,880, bringing the total cost together to Rs 1,20,960. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers K.C.R. Nagar Phase -II?

The Sub Registrar Office that covers K.C.R. Nagar Phase -II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Neelamangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of property registration.

When buying or selling property, it is essential to understand that the guideline value will be considered in the calculation of these fees, ensuring that the transaction is in compliance with local regulations.

Frequently asked questions

What is the current guideline value of K.C.R. Nagar Phase -II?

The current guideline value of K.C.R. Nagar Phase -II is Rs 1,344 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 1,344 per sq.ft from 2023 to 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for K.C.R. Nagar Phase -II?

The land classification for K.C.R. Nagar Phase -II is Residential Special Type - II, which indicates its designated use for residential purposes.

What are the stamp duty and registration fees for properties in K.C.R. Nagar Phase -II?

For a property valued at Rs 13,44,000, the stamp duty would be Rs 94,080 and the registration fee would be Rs 26,880, totaling Rs 1,20,960. These fees are based on the guideline value.

Where can I find the Sub Registrar Office for K.C.R. Nagar Phase -II?

The Gooduvancheri Sub Registrar Office covers K.C.R. Nagar Phase -II and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.