Guideline Value for K.M.A. Nagar

K.M.A. Nagar guideline value

The current guideline value of K.M.A. Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

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

The guideline value for K.M.A. Nagar has seen several revisions over the years. The earliest recorded value was Rs 300 per sq.ft in 2007, which increased to Rs 1,000 per sq.ft in 2012. However, in 2017, it dropped to Rs 670 per sq.ft before rising again to Rs 1,000 per sq.ft in both 2023 and 2024, showing a significant increase of 49% from 2017 to 2023. Notably, the 2023 to 2024 revision saw no change.

In summary, the guideline value has increased by 233% from Rs 300 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, which is equal to the current value of K.M.A. Nagar.

• K.M.A. Avenue: Rs 1,000 per sq.ft (2024)
• Kavignar Kannadasan Nagar: Rs 1,000 per sq.ft (2024)
• K.P.S. Nagar: Rs 1,000 per sq.ft (2024)
• Krishapuri: Rs 1,000 per sq.ft (2024)
• Krishna Nagar: Rs 1,000 per sq.ft (2024)
• Krishna Nagar (Extn): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in K.M.A. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.M.A. Nagar?

The K.M.A. Nagar area 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 details.

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

The guideline value plays a crucial role during property transactions in Adhanoor. It is used to determine the stamp duty and registration fees payable at the time of property registration. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is compared with the sale price. The duty is calculated based on whichever amount is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of K.M.A. Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, marking an overall increase of 233% across the years.

What is the land classification for K.M.A. Nagar?

K.M.A. Nagar is classified as Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for properties in K.M.A. Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles registrations for K.M.A. Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for K.M.A. Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.