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

K.K.R. Nagar Phase-I guideline value

The current guideline value of K.K.R. Nagar Phase-I is Rs 1,200 per sq.ft, effective from 1 July 2024. This property is located in Karanaipuducheri village under the Gooduvancheri SRO and is classified as Residential Special Type - I.

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

The guideline value for K.K.R. Nagar Phase-I has seen revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which remained unchanged at Rs 1,200 per sq.ft in the 2023 revision. The 2024 revision also maintains the value at Rs 1,200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, and the overall change from 2017 to 2024 is also +49%. The consistent value of Rs 1,200 per sq.ft from 2023 to 2024 signifies stability in the guideline value for this period.

Guideline values in Karanaipuducheri

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

• K.K.R Nagar Phase - II: Rs 1,100 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-I

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. 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 Phase-I?

The K.K.R. Nagar Phase-I is covered by 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 Karanaipuducheri

The guideline value is a crucial factor when registering property in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

At the time of registration, the guideline value is compared to the sale price, with the higher value being used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

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

The current guideline value of K.K.R. Nagar Phase-I is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft since 2023, with a significant increase of 49% from Rs 804 per sq.ft in 2017. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification of K.K.R. Nagar Phase-I?

K.K.R. Nagar Phase-I is classified as Residential Special Type - I, indicating its suitability for residential development.

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

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

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 at 7%.