Guideline Value for K.K.R NAGAR ANNEX-II

K.K.R Nagar Annex-II guideline value

The current guideline value of K.K.R Nagar Annex-II is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Erivakkam village under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of K.K.R Nagar Annex-II has changed

The guideline value for K.K.R Nagar Annex-II has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 300 per sq.ft. The 2017 revision had a lower value of Rs 201 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 300 per sq.ft in 2023. The transition from 2023 to 2024 saw no change, maintaining the guideline value at Rs 300 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Erivakkam

In Erivakkam, there are 19 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median value for these streets is Rs 400 per sq.ft, indicating that K.K.R Nagar Annex-II's 2024 figure is below this median.

• K.K.R. Nagar: Rs 400 per sq.ft (2024)
• Keerthana Nagar: Rs 300 per sq.ft (2024)
• Kousalya Nagar Phase III: Rs 700 per sq.ft (2024)
• Kowsalya Nagar: Rs 400 per sq.ft (2024)
• Kowsalya Nagar Phase-I: Rs 400 per sq.ft (2024)
• Krishna Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in K.K.R Nagar Annex-II

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.R Nagar Annex-II?

The K.K.R Nagar Annex-II falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Erivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate the applicable stamp duty and registration fees, which are mandatory during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of K.K.R Nagar Annex-II?

The current guideline value of K.K.R Nagar Annex-II is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a significant increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What is the land classification of K.K.R Nagar Annex-II?

K.K.R Nagar Annex-II is classified as Residential Special Type - I, indicating its zoning for residential purposes.

Where can I find the registration office for K.K.R Nagar Annex-II?

The registration office for K.K.R Nagar Annex-II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in K.K.R Nagar Annex-II?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot with a guideline value of Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.