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Guideline Value

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Guideline Value for K.K. Nagar Ist Cross Street to VIII Cross st.

₹1980/sq.ft.

The guideline value for K.k. Nagar Ist Cross Street To Viii Cross St. in Mangadu -a village (Kunrathur SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mangadu -a

Village

Kunrathur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on K.k. Nagar Ist Cross Street To Viii Cross St.

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K.K. Nagar Ist Cross Street to VIII Cross st. guideline value

The current guideline value for K.K. Nagar Ist Cross Street to VIII Cross st. is Rs 1,980 per sq.ft, effective from 1 July 2024. This street 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 Ist Cross Street to VIII Cross st. has changed

The guideline value for this street has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 1,206 per sq.ft. In 2023, the value increased to Rs 1,800 per sq.ft, marking a significant change of 49%. The latest revision in 2024 sees the guideline value rise to 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 carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value for K.K. Nagar Ist Cross Street to VIII Cross st. is above this median.

Stamp duty and registration fee for property in K.K. Nagar Ist Cross Street to VIII Cross st.

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, calculated at 7%, would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers K.K. Nagar Ist Cross Street to VIII Cross st.?

The K.K. Nagar Ist Cross Street to VIII Cross st. falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value for K.K. Nagar Ist Cross Street to VIII Cross st.?

The current guideline value for K.K. Nagar Ist Cross Street to VIII Cross st. is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for this street?

The land classification for K.K. Nagar Ist Cross Street to VIII Cross st. is Residential Special Type - III, which indicates its intended use for residential purposes.

Where can I find the registration office for this area?

The registration office for K.K. Nagar Ist Cross Street to VIII Cross st. is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at the rate of 7%.