Guideline Value for K.K.Nagar

K.K.Nagar guideline value

The current guideline value of K.K.Nagar, a village in Mangadu -A under the Kunrathur SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

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

The guideline value for K.K.Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 saw the value rise again to Rs 1,980 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value for K.K.Nagar is above this median.

• Kirubanandha Variar Nagar: Rs 1,870 per sq.ft (2024)
• K.K. Nagar Colony Road: Rs 1,980 per sq.ft (2024)
• K.K. Nagar Ist Cross Street to VIII Cross st.: Rs 1,980 per sq.ft (2024)
• Keezh Ragunathapuram: Rs 1,980 per sq.ft (2024)
• Kayithe Millath Nagar Pattu: Rs 1,980 per sq.ft (2024)
• Kollai Colony Road: Rs 1,870 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 1,980 per sq.ft, the total guideline value is Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers K.K.Nagar?

The K.K.Nagar area falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor during the registration of property transactions in Mangadu -A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which can influence negotiations and final sale agreements.

Frequently asked questions

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

The current guideline value of K.K.Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the other streets with guideline values in Mangadu -A?

Other streets in Mangadu -A include Kirubanandha Variar Nagar at Rs 1,870 per sq.ft, K.K. Nagar Colony Road at Rs 1,980 per sq.ft, and several others, with values ranging from Rs 1,320 to Rs 3,300 per sq.ft.

What is the registration fee for property in K.K.Nagar?

The registration fee for property in K.K.Nagar is calculated based on the guideline value. For example, for a plot valued at Rs 19,80,000, the registration fee would be Rs 39,600 at 2%.

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

The Sub Registrar Office that covers K.K.Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information by visiting the provided link.