Guideline Value for K.K. Nagar Roja Street

K.K. Nagar Roja Street guideline value

The current guideline value of K.K. Nagar Roja Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

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

The guideline value for K.K. Nagar Roja Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,200 per sq.ft again, and the latest revision in 2024 has raised it to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change has been an increase of 10%. Notably, there are no figures available for K.K. Nagar Roja Street from the revisions in 2002, 2003, and 2007.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing K.K. Nagar Roja Street's 2024 figure below that median.

• K.K. Nagar: Rs 2,200 per sq.ft (2024)
• Kirubanandavariyar Street: Rs 1,100 per sq.ft (2024)
• Kesavan Nagar: Rs 1,650 per sq.ft (2024)
• Kaveri Street: Rs 2,200 per sq.ft (2024)
• Kattabomman Street: Rs 1,320 per sq.ft (2024)
• Kattabomman 5th Cross st: Rs 880 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K. Nagar Roja Street?

The Sub Registrar Office that covers K.K. Nagar Roja Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Peerklankaranai

The guideline value plays a crucial role in the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of K.K. Nagar Roja Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in K.K. Nagar Roja Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers K.K. Nagar Roja Street?

The Tambaram Joint 1 Sub Registrar Office covers K.K. Nagar Roja Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher value is used for calculating the fees.