Guideline Value for K.K. NAGAR

K.K. Nagar guideline value

The current guideline value of K.K. Nagar, located in Perumpakkam village under the Tiruvallur Joint 1 SRO, is Rs 680 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

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

The guideline value for K.K. Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 680 per sq.ft, an increase of 9% from Rs 626 per sq.ft in 2023. Prior to that, the value was Rs 419 per sq.ft in 2017, marking a significant increase of 49% over the six-year period. The overall increase from 2017 to 2024 is 62%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The guideline values for these years are not recorded in the register.

Guideline values in Perumpakkam

In Perumpakkam, there are 17 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 680 to Rs 1,650 per sq.ft, with a median value of Rs 770 per sq.ft. K.K. Nagar's 2024 guideline value is below this median.

• Kohinur Avenue: Rs 770 per sq.ft (2024)
• K.V.L. Garden: Rs 770 per sq.ft (2024)
• J.J. Nagar: Rs 770 per sq.ft (2024)
• Javahar Nagar: Rs 1,650 per sq.ft (2024)
• Golden Avenue: Rs 1,650 per sq.ft (2024)
• B.V.Anandam Nagar: Rs 770 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 680 per sq.ft, the total guideline value amounts to Rs 6,80,000. The stamp duty at 7% would be Rs 47,600, while the registration fee at 2% would be Rs 13,600, bringing the total fees to Rs 61,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers K.K. Nagar?

The Sub Registrar Office covering K.K. Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perumpakkam. It serves as a benchmark for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers should be aware that the guideline value directly impacts the overall costs associated with property registration.

When registering a property, the guideline value is used to determine the applicable fees. It is essential for both parties to understand this value, as it affects the financial aspects of the transaction, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of K.K. Nagar is Rs 680 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 419 per sq.ft to Rs 680 per sq.ft in 2024, which is an overall increase of 62%.

What are the other streets in Perumpakkam with their guideline values?

Other streets in Perumpakkam include Kohinur Avenue, K.V.L. Garden, J.J. Nagar, Javahar Nagar, Golden Avenue, and B.V.Anandam Nagar, with values ranging from Rs 770 to Rs 1,650 per sq.ft in 2024.

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

Stamp duty for properties in K.K. Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 6,80,000 would incur a stamp duty of Rs 47,600 at a rate of 7%.

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

The Sub Registrar Office for K.K. Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.