Guideline Value for K.J.NAGAR

K.J.Nagar guideline value

The current guideline value of K.J.Nagar, located in Karikili village under the Salavakkam SRO, is Rs 111 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - V.

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

The guideline value of K.J.Nagar has undergone several revisions over the years. The 2012 revision set the rate at Rs 110 per sq.ft, which slightly decreased to Rs 74 per sq.ft in the 2017 revision. The guideline value then increased significantly by 50% to Rs 111 per sq.ft in the 2023 revision, and it remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen a marginal increase of 1%.

Guideline values in Karikili

In Karikili village, there are 12 streets under the Salavakkam SRO that have a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with a median value of Rs 116 per sq.ft. The guideline value of K.J.Nagar is below this median.

• K.J.Nagar Phase-II: Rs 111 per sq.ft (2024)
• K.J.Nagar Phase-III: Rs 120 per sq.ft (2024)
• Kuberan Nagar: Rs 120 per sq.ft (2024)
• Layout (No Name): Rs 120 per sq.ft (2024)
• Madura Nagar: Rs 111 per sq.ft (2024)
• Nemichand Park: Rs 100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 111 per sq.ft, the total guideline value amounts to Rs 1,11,000. The stamp duty at 7% would be Rs 7,770, and the registration fee at 2% would be Rs 2,220, bringing the total to Rs 9,990. 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 detailed calculations.

Which Sub Registrar Office covers K.J.Nagar?

The Sub Registrar Office covering K.J.Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Karikili. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

Frequently asked questions

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

The current guideline value of K.J.Nagar is Rs 111 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 110 per sq.ft in 2012 to Rs 74 per sq.ft in 2017, then increased to Rs 111 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for K.J.Nagar?

The land classification for K.J.Nagar is Residential Special Type - V.

Where can I find the Sub Registrar Office for K.J.Nagar?

The Sub Registrar Office for K.J.Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the stamp duty calculated for properties in K.J.Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 111 per sq.ft, the total guideline value would be Rs 1,11,000, resulting in a stamp duty of Rs 7,770.