Guideline Value for K.K. Nagar

K.K. Nagar guideline value

The current guideline value of K.K. Nagar, located in Thiruvallur village under the Tiruvallur Joint 1 SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

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 2007, the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, in 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then rose again to Rs 1,000 per sq.ft in 2023, and as of the latest revision in 2024, it stands at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of K.K. Nagar.

• KGP Nagar: Rs 1,320 per sq.ft (2024)
• Kaviyarasu Street: Rs 1,100 per sq.ft (2024)
• Kommu Street: Rs 1,100 per sq.ft (2024)
• Kondammapuram Street: Rs 3,300 per sq.ft (2024)
• Kosa St: Rs 880 per sq.ft (2024)
• Kattabomman Streetsouth: Rs 1,650 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 rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K. Nagar?

K.K. Nagar falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruvallur

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvallur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is fairly assessed according to the established values in the area.

Frequently asked questions

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

The current guideline value of K.K. Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the stamp duty and registration fees for K.K. Nagar?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 99,000.

Which office handles registrations for K.K. Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for K.K. Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What are the other guideline values in Thiruvallur?

Other streets in Thiruvallur have varying guideline values, with KGP Nagar at Rs 1,320 per sq.ft, and several others at Rs 1,100 per sq.ft, among others.