Guideline Value for K.K.Nagar Thiruveka Street

K.K.Nagar Thiruveka Street guideline value

The current guideline value of K.K.Nagar Thiruveka Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - II.

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

The guideline value for K.K.Nagar Thiruveka Street has undergone several revisions over the years. The earliest registered figure is from 2012, where the guideline value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision. The most recent revision in 2024 shows an increase to Rs 2,200 per sq.ft, marking a 64% rise from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no registered figures for the years 2002, 2003, 2007, and 2023 for K.K.Nagar Thiruveka Street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, indicating that K.K.Nagar Thiruveka Street's 2024 figure is below this median.

• K.K.Nagar Sutharsan Street: Rs 2,200 per sq.ft (2024)
• K.K.Nagar 3rd street: Rs 2,200 per sq.ft (2024)
• K.K.Nagar 2nd street: Rs 2,200 per sq.ft (2024)
• Kodi Edai Nayagi Nagar: Rs 990 per sq.ft (2024)
• Kodi Edai Nayagi Street(Mandikapuram): Rs 2,400 per sq.ft (2024)
• K.K.Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. 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 Thiruveka Street?

The Sub Registrar Office that covers K.K.Nagar Thiruveka Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the fees are calculated based on the official valuation of the property.

When engaging in a property transaction, it is essential to be aware of the current guideline value, as it can significantly affect the overall cost of registration. Buyers and sellers should consider this value to ensure compliance with local regulations and to avoid unexpected expenses during the registration process.

Frequently asked questions

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

The current guideline value of K.K.Nagar Thiruveka Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then to Rs 2,200 per sq.ft in 2024, showing a 64% increase from 2017 to 2024.

What is the land classification for K.K.Nagar Thiruveka Street?

K.K.Nagar Thiruveka Street is classified as Residential Class I Type - II.

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

The Sub Registrar Office for K.K.Nagar Thiruveka Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for property transactions in K.K.Nagar Thiruveka Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.