Guideline Value for K.K.Nedunsalai

K.K.Nedunsalai guideline value

The current guideline value of K.K.Nedunsalai is Rs 6,050 per sq.ft, effective from 1 July 2024. This area is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this street is Mixed Special Type - III.

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

The guideline value for K.K.Nedunsalai has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 605 per sq.ft. This increased to Rs 900 per sq.ft in 2003, marking a 49% rise. The value continued to increase significantly, reaching Rs 1,350 per sq.ft in 2007, which was a 50% increase from the previous year. In 2012, the value rose to Rs 5,500 per sq.ft, showing a remarkable 307% increase from 2007.

From 2012 to 2017, the value decreased to Rs 3,685 per sq.ft, reflecting a 33% drop. However, the value rebounded to Rs 5,500 per sq.ft in 2023, a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 6,050 per sq.ft, which is a 10% increase from the previous year.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for the village is Rs 4,400 per sq.ft, placing K.K.Nedunsalai's 2024 figure above this median.

• K.G.Nair Street: Rs 4,950 per sq.ft (2024)
• Kesavalu Street(Nehru Nagar): Rs 4,400 per sq.ft (2024)
• Kavery Street: Rs 5,500 per sq.ft (2024)
• Kaveri Rangan Street: Rs 5,500 per sq.ft (2024)
• Kaveri Rangan Nagar - Pillayar Koil Street: Rs 5,500 per sq.ft (2024)
• Kaveri Rangan Nagar - M.G.R. Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in K.K.Nedunsalai

For a 1,000 sq.ft plot at the current guideline value of Rs 6,050 per sq.ft, the total guideline value would be Rs 60,50,000. The stamp duty at 7% would amount to Rs 4,23,500, while the registration fee at 2% would be Rs 1,21,000. Together, the total cost would be Rs 5,44,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nedunsalai?

K.K.Nedunsalai falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Saligramam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of K.K.Nedunsalai is Rs 6,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 605 per sq.ft in 2002 to Rs 6,050 per sq.ft in 2024, reflecting an overall increase of 900% over the years.

What is the land classification for K.K.Nedunsalai?

K.K.Nedunsalai is classified as Mixed Special Type - III, which affects the guideline value applicable to the area.

What are the stamp duty and registration fees for properties in K.K.Nedunsalai?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 60,50,000, the total stamp duty and registration fees would amount to Rs 5,44,500.

Which office handles registrations for K.K.Nedunsalai?

The Virugambakkam Sub Registrar Office handles registrations for K.K.Nedunsalai, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.