Guideline Value for K.K. Nagar
₹3800/sq.ft.
The guideline value for K.k. Nagar in Konnur village (Konnur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.
Last updated:
Chennai
Zone
Konnur
Village
Konnur
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹3800 /sq.ft. |
| From 1-4-2023 | ₹3500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹2345 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹3500 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹800 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | ₹284 /sq.ft. |
| From 1-4-2002 To 31-3-2003 | ₹262 /sq.ft. |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]
DRO (District Registrar Office)
Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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]
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K.K. Nagar guideline value
The current guideline value for K.K. Nagar, located in Konnur village under the Konnur SRO, is Rs 3,800 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I 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. In 2002, the guideline value was Rs 262 per sq.ft, which increased to Rs 284 per sq.ft in 2003. Following that, there was a significant rise to Rs 800 per sq.ft in 2007, and then it jumped to Rs 3,500 per sq.ft in 2012. However, in 2017, the value decreased to Rs 2,345 per sq.ft. The value then increased to Rs 3,500 per sq.ft in 2023, and the latest revision for 2024 stands at Rs 3,800 per sq.ft.
Between the revisions, notable changes include a 9% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 338% increase from 2007 to 2012. The overall change from 2002 to 2024 reflects a substantial increase of 1,350%.
Guideline values in Konnur
Konnur village has a total of 249 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median figure for these streets is Rs 3,800 per sq.ft, which matches the current guideline value for K.K. Nagar.
- Kilakkumadaveethi Extension: Rs 5,500 per sq.ft (2024)
- Kilakkumadaveethi: Rs 5,500 per sq.ft (2024)
- Kilakku Kolathur Main Road - I (Railway Gate to Muslim Burial Ground): Rs 5,500 per sq.ft (2024)
- Kilakku Kolathur Main Road - II (Muslim Burial Ground to Mogambigai Koil): Rs 5,500 per sq.ft (2024)
- Kosa Street (South Mada St/Therkku Mada St): Rs 5,500 per sq.ft (2024)
- Kattabomman Street: Rs 3,800 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 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. Please note that the duty is charged on the higher of the guideline value or the sale price.
To calculate your stamp duty and registration fees, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers K.K. Nagar?
The K.K. Nagar area is covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Konnur
The guideline value plays a crucial role during property registration in Konnur. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers should be aware that the guideline value is a reference point for these calculations.
When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transacted.
Frequently asked questions
What is the current guideline value of K.K. Nagar?
The current guideline value of K.K. Nagar is Rs 3,800 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 262 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting a significant increase of 1,350% over the years.
What are the stamp duty rates for property in K.K. Nagar?
The stamp duty for property in K.K. Nagar is 7% of the guideline value or sale price, whichever is higher.
What is the role of the Konnur SRO?
The Konnur SRO is responsible for property registrations in Konnur village, including K.K. Nagar, and maintains the guideline value register.
Where can I find the Konnur Sub Registrar Office?
The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.
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