Guideline Value for K.K.NAGAR KUDISAI PAKUTHI

K.K.Nagar Kudisai Pakuthi guideline value

The current guideline value of K.K.Nagar Kudisai Pakuthi is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Vengathur village and falls under the Manavalanagar SRO, classified as Residential Class IV Type - I.

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

The guideline value for K.K.Nagar Kudisai Pakuthi has seen several revisions over the years. The 2007 revision set the value at Rs 100 per sq.ft, which increased significantly to Rs 500 per sq.ft in the 2012 revision. However, it then decreased to Rs 335 per sq.ft in 2017, before rising again to Rs 500 per sq.ft in both the 2023 and 2024 revisions. The register does not contain figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, while the jump from 2007 to 2012 was a remarkable 400%. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value for K.K.Nagar Kudisai Pakuthi is below this median.

• K.C.Sammandhanar Street: Rs 800 per sq.ft (2024)
• Kaveri Sreet: Rs 1,300 per sq.ft (2024)
• Kattapomman Street: Rs 1,000 per sq.ft (2024)
• Kumanan Street: Rs 1,300 per sq.ft (2024)
• KARUNANITHI NAGAR 4th CROSS STREET: Rs 1,300 per sq.ft (2024)
• KARUNANITHI NAGAR 3rd CROSS STREET: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in K.K.Nagar Kudisai Pakuthi

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar Kudisai Pakuthi?

The K.K.Nagar Kudisai Pakuthi area is covered by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Vengathur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the buying or selling process.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the government receives the correct revenue from property transactions. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of K.K.Nagar Kudisai Pakuthi is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and returned to Rs 500 per sq.ft in both 2023 and 2024.

What is the median guideline value in Vengathur?

The median guideline value in Vengathur is Rs 1,000 per sq.ft, with K.K.Nagar Kudisai Pakuthi's value being below this median.

What are the stamp duty and registration fees for properties in K.K.Nagar Kudisai Pakuthi?

For a property valued at Rs 5,00,000, the stamp duty is Rs 35,000 and the registration fee is Rs 10,000, totaling Rs 45,000.

Where is the Manavalanagar Sub Registrar Office located?

The Manavalanagar Sub Registrar Office is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002.