Guideline Value for K.K. NAGAR

K.K. Nagar guideline value

The current guideline value for K.K. Nagar, located in Pudupet village under the Pallipattu SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

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

In the 2017 revision, the guideline value for K.K. Nagar was set at Rs 134 per sq.ft. This figure increased significantly to Rs 200 per sq.ft in the 2023 revision, marking a change of 49%. The 2024 revision has maintained this value at Rs 200 per sq.ft, showing no change from the previous year.

The register has no figures for the revisions in 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Pudupet

Pudupet village features 42 streets under the Pallipattu SRO, with a 2024 guideline value range from Rs 102 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing K.K. Nagar's 2024 figure below this median.

• Kollapuriyamman Koilstreet: Rs 500 per sq.ft (2024)
• Kulakarai Street: Rs 350 per sq.ft (2024)
• Madam Street: Rs 500 per sq.ft (2024)
• Main Road: Rs 600 per sq.ft (2024)
• Iratai Malai Srinivasan St: Rs 102 per sq.ft (2024)
• Meyanstreet: Rs 126 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers K.K. Nagar?

The K.K. Nagar area falls under the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Pudupet. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented at a recognized value. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for K.K. Nagar?

The current guideline value for K.K. Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, and it remains at Rs 200 per sq.ft in 2024, showing an overall increase of 49% from 2017 to 2024.

What is the median guideline value for Pudupet?

The median guideline value for the 42 streets in Pudupet is Rs 350 per sq.ft, with K.K. Nagar's 2024 figure being below this median.

What are the stamp duty rates in K.K. Nagar?

The stamp duty rate in K.K. Nagar is 7%, and the registration fee is 2% based on the guideline value or the sale price, whichever is higher.

Where can I find more information about the Sub Registrar Office?

The Pallipattu Sub Registrar Office covers K.K. Nagar, and you can find more information about it at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can also find your SRO for additional details.