Guideline Value for K.J.P. Nagar

K.J.P. Nagar guideline value

The current guideline value of K.J.P. Nagar is Rs 402 per sq.ft, effective from 1 July 2024. This area is located in P.V.Kalathur A village and falls under the Chengleput Joint I SRO. The land classification for this street is Residential Class I Type - I.

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

The guideline value for K.J.P. Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the guideline value to Rs 402 per sq.ft, marking a 1% increase from the previous year.

Looking at the changes over the years, the guideline value rose by 49% from 2017 to 2023. Overall, from 2017 to 2024, there has been a 50% increase in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in P.V.Kalathur A

P.V.Kalathur A has a range of guideline values across its 21 streets under the Chengleput Joint I SRO, with values ranging from Rs 250 to Rs 450 per sq.ft. The median guideline value for these streets is Rs 402 per sq.ft, which is the same as the current value for K.J.P. Nagar.

• Maruthi Nagar: Rs 450 per sq.ft (2024)
• Gokaley Nagar: Rs 402 per sq.ft (2024)
• Nethaji Nagar: Rs 450 per sq.ft (2024)
• Dr.Savithiri Nagar: Rs 300 per sq.ft (2024)
• Desika Nagar: Rs 250 per sq.ft (2024)
• Priya Nagar: Rs 400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 402 per sq.ft, the total guideline value amounts to Rs 4,02,000. The stamp duty at 7% would be Rs 28,140, and the registration fee at 2% would be Rs 8,040, bringing the total cost to Rs 36,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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

K.J.P. Nagar is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in P.V.Kalathur A

The guideline value is a crucial factor when registering property transactions in P.V.Kalathur A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

Frequently asked questions

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

The current guideline value of K.J.P. Nagar is Rs 402 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From 2017 to 2023, the guideline value increased by 49%, and from 2017 to 2024, it has risen by a total of 50%.

What are the stamp duty and registration fees for property in K.J.P. Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total cost for these fees would amount to Rs 36,180.

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

K.J.P. Nagar is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

The land classification for K.J.P. Nagar is Residential Class I Type - I, indicating its designated use for residential purposes.