Guideline Value

Corporate

Guideline Value for K.N.NAGAR

₹1000/sq.ft.

The guideline value for K.n.nagar in Sirukalathur village (Kunrathur SRO, Chennai zone) is Rs 1000 per sq.ft, effective 1 July 2024. It was Rs 896 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sirukalathur

Village

Kunrathur

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹1000 /sq.ft.
From 1-4-2023 ₹896 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹600 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on K.n.nagar

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K.N.Nagar guideline value

The current guideline value of K.N.Nagar, located in Sirukalathur village under the Kunrathur SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of K.N.Nagar has changed

Over the years, the guideline value of K.N.Nagar has seen several revisions. The 2017 revision set the value at Rs 600 per sq.ft, which increased to Rs 896 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value to Rs 1,000 per sq.ft, marking a significant increase of 12% from the previous year. The overall increase from the 2017 revision to the 2024 revision is 67%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. This lack of data indicates that there were no recorded changes in the guideline value during those years.

Guideline values in Sirukalathur

In Sirukalathur, there are 32 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,970 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, placing K.N.Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in K.N.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 together to Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.N.Nagar?

The K.N.Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Sirukalathur. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer.

Additionally, the guideline value ensures transparency in property transactions by providing a standardized valuation method. This helps buyers and sellers understand the financial implications of their property dealings more clearly.

Frequently asked questions

What is the current guideline value of K.N.Nagar?

The current guideline value of K.N.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 increased from Rs 600 per sq.ft in 2017 to Rs 896 per sq.ft in 2023, and then to Rs 1,000 per sq.ft in 2024. This represents a total increase of 67% from 2017 to 2024.

What are the guideline values of other streets in Sirukalathur?

Other streets in Sirukalathur have varying guideline values ranging from Rs 450 to Rs 2,970 per sq.ft. The median value for these streets is Rs 550 per sq.ft, with K.N.Nagar's value being above this median.

What fees are associated with property transactions in K.N.Nagar?

When transacting property in K.N.Nagar, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, a 1,000 sq.ft plot would incur total fees of Rs 90,000 based on the current guideline value.

Where can I find the Sub Registrar Office for K.N.Nagar?

The Kunrathur Sub Registrar Office, which covers K.N.Nagar, is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information about your SRO through the provided link.