Guideline Value for K.M.V.Nagar

K.M.V.Nagar guideline value

The current guideline value of K.M.V.Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - I.

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

The guideline value for K.M.V.Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 250 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a 220% increase. However, it then decreased to Rs 536 per sq.ft in the 2017 revision, reflecting a 33% drop. The value rose again to Rs 800 per sq.ft in 2023, and the latest revision in 2024 sees it at Rs 880 per sq.ft, representing a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 252%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ist Division

In the Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value is Rs 880 per sq.ft, which matches the current guideline value of K.M.V.Nagar.

• K.M.Avenue: Rs 880 per sq.ft (2024)
• Kosa Street @ ThiruNeelakandar Street: Rs 800 per sq.ft (2024)
• Kavalar Housing Board: Rs 1,650 per sq.ft (2024)
• Kathiri Street @ Velathamman Koil Street: Rs 1,100 per sq.ft (2024)
• Krishnasamy Street: Rs 880 per sq.ft (2024)
• Kumaran Nagar: Rs 880 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office covering K.M.V.Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ist Division. It is used to determine the stamp duty and registration fees payable, ensuring that these costs are calculated based on a standardized property value.

When buying or selling property, the guideline value helps in establishing a baseline for the transaction, which is particularly important for legal and financial documentation. It provides transparency and consistency in property dealings within the region.

Frequently asked questions

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

The current guideline value of K.M.V.Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 250 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 252% over the years.

What is the stamp duty for properties in K.M.V.Nagar?

The stamp duty for properties in K.M.V.Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Kanchipuram Joint IV SRO?

The Kanchipuram Joint IV SRO is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What are the other streets with similar guideline values in Ist Division?

Other streets in Ist Division with similar guideline values include K.M.Avenue, Krishnasamy Street, and Kumaran Nagar, all valued at Rs 880 per sq.ft in 2024.