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

K.K.R Nagar Phase - II guideline value

The current guideline value of K.K.R Nagar Phase - II is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village and falls under the Gooduvancheri SRO. The land classification for this street is Mixed Special Type - III.

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

The guideline value for K.K.R Nagar Phase - II has remained consistent over the years. The 2017 revision set the value at Rs 1,100 per sq.ft, which was unchanged in the 2023 revision and continues to be the same in the 2024 revision. Notably, there are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

From the 2017 revision to the 2024 revision, there has been a 0% change, indicating stability in the guideline value during this period. Similarly, the change from 2023 to 2024 also shows a 0% increase, maintaining the guideline value at Rs 1,100 per sq.ft throughout these years.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value for K.K.R Nagar Phase - II is above this median.

• K.K.R. Nagar Phase-I: Rs 1,200 per sq.ft (2024)
• Kkr Nagar: Rs 1,200 per sq.ft (2024)
• Kavin Avenue: Rs 700 per sq.ft (2024)
• Kpn Avenue: Rs 1,100 per sq.ft (2024)
• Kpn Grand: Rs 1,500 per sq.ft (2024)
• Kpn Nagar: Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost to Rs 99,000. It is important to note that 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.R Nagar Phase - II?

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

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

The guideline value is a crucial factor in the registration process of property transactions in Karanaipuducheri. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When a buyer or seller approaches the registration office, the guideline value is referred to, and the applicable duties are calculated based on this value or the sale price, whichever is higher. This mechanism helps maintain transparency and fairness in property transactions.

Frequently asked questions

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

The current guideline value of K.K.R Nagar Phase - II is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 1,100 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions.

What is the land classification for K.K.R Nagar Phase - II?

The land classification for K.K.R Nagar Phase - II is Mixed Special Type - III.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 77,000.