Guideline Value for K.N.R.NAGAR

K.N.R.Nagar guideline value

The current guideline value of K.N.R.Nagar, located in Thachoor village under the Ponneri SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

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

The guideline value for K.N.R.Nagar has seen significant changes over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 150 per sq.ft, which increased to Rs 400 per sq.ft in the 2024 revision, marking a change of +167%.

This substantial increase reflects the latest revision that has brought the guideline value in line with the median value of Rs 400 per sq.ft for other streets in Thachoor. The 2024 figure is a notable rise from the previous year’s value.

Guideline values in Thachoor

In Thachoor, there are 17 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,800 per sq.ft, with the median being Rs 400 per sq.ft. K.N.R.Nagar's 2024 figure aligns perfectly with this median.

• Lakshmi Avenue: Rs 400 per sq.ft (2024)
• Chellammal Garden: Rs 300 per sq.ft (2024)
• R.C.Modern City: Rs 400 per sq.ft (2024)
• Sai Kannan Homes: Rs 300 per sq.ft (2024)
• Sakthi Sai Nagar Phase II: Rs 400 per sq.ft (2024)
• Sith Krishna Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in K.N.R.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total charges Rs 36,000. It is important to note that the 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.R.Nagar?

The K.N.R.Nagar area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Thachoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property sale.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as per the official register.

Frequently asked questions

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

The current guideline value of K.N.R.Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 150 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, which is a rise of +167%.

What are the other streets with guideline values in Thachoor?

Other streets in Thachoor include Lakshmi Avenue, Chellammal Garden, R.C.Modern City, Sai Kannan Homes, Sakthi Sai Nagar Phase II, and Sith Krishna Nagar, with values ranging from Rs 300 to Rs 400 per sq.ft for 2024.

What is the registration fee for property in K.N.R.Nagar?

The registration fee for property in K.N.R.Nagar is 2% of the guideline value. For example, for a property valued at Rs 4,00,000, the registration fee would be Rs 8,000.

Where is the Sub Registrar Office for K.N.R.Nagar located?

The Sub Registrar Office covering K.N.R.Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.