Guideline Value for K.K. Nagar Colony Road

K.K. Nagar Colony Road guideline value

The current guideline value of K.K. Nagar Colony Road is Rs 1,980 per sq.ft, effective from 1 July 2024. This road is located in Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Special Type - III.

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

The guideline value of K.K. Nagar Colony Road has seen significant changes over the years. In the 2017 revision, the value was Rs 1,206 per sq.ft. This figure increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. 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 Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that have a guideline value for 2024, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing K.K. Nagar Colony Road's current value above this median.

• K.K. Nagar Ist Cross Street to VIII Cross st.: Rs 1,980 per sq.ft (2024)
• K.K.Nagar: Rs 1,980 per sq.ft (2024)
• Kollai Colony Road: Rs 1,870 per sq.ft (2024)
• Kirubanandha Variar Nagar: Rs 1,870 per sq.ft (2024)
• Kosatheru: Rs 2,200 per sq.ft (2024)
• Keezh Ragunathapuram: Rs 1,980 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total of Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K. Nagar Colony Road?

The K.K. Nagar Colony Road falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor during the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value, preventing undervaluation. This ensures transparency and compliance with local regulations.

Frequently asked questions

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

The current guideline value of K.K. Nagar Colony Road is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, which is a total increase of 64% over this period.

What is the stamp duty for property in K.K. Nagar Colony Road?

The stamp duty for property in K.K. Nagar Colony Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How can I calculate my registration fees?

You can calculate your registration fees using the stamp duty and registration fee calculator available online.