Guideline Value for K.K. Nagar

K.K. Nagar guideline value

The current guideline value of K.K. Nagar, located in Kattupakkam village under the Kunrathur SRO, is Rs 2,090 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

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

The guideline value of K.K. Nagar has undergone several revisions over the years. Starting from Rs 194 per sq.ft in 2003, it increased to Rs 350 per sq.ft in 2007. The 2012 revision saw the value rise significantly to Rs 1,900 per sq.ft, but then it decreased to Rs 1,273 per sq.ft in 2017. Following this, the value increased to Rs 1,900 per sq.ft in 2023, and finally, it reached Rs 2,090 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 80% from 2003 to 2007, then saw a substantial rise of 443% from 2007 to 2012. However, it fell by 33% from 2012 to 2017. The value then jumped by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. The register has no figure for this street in 2002.

Guideline values in Kattupakkam

In Kattupakkam village, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value is Rs 2,090 per sq.ft, which is equal to the current guideline value of K.K. Nagar. Below are the guideline values for other streets in Kattupakkam:

• Kattuppakkam Main Road: Rs 4,290 per sq.ft (2024)
• Kumanan Chavadi (Poonamallee High Road): Rs 4,290 per sq.ft (2024)
• Kumaran Nagar: Rs 2,090 per sq.ft (2024)
• Kanumbulli Chetty Street: Rs 2,090 per sq.ft (2024)
• Kundrathur Road: Rs 4,290 per sq.ft (2024)
• Lakshmi Nagar: Rs 2,090 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 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, leading to a total of Rs 1,88,100. 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 details.

Which Sub Registrar Office covers K.K. Nagar?

The K.K. Nagar area is covered by 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 Kattupakkam

The guideline value plays a crucial role in property transactions in Kattupakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees reflect the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. Understanding how the guideline value is set and revised can help in making informed decisions during property transactions.

Frequently asked questions

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

The current guideline value of K.K. Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 194 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of K.K. Nagar?

K.K. Nagar falls under the Residential Class I Type - I land classification.

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

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

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.