Guideline Value

Corporate

Guideline Value for K.N.V. Nagar 1st Cross

₹1540/sq.ft.

The guideline value for K.n.v. Nagar 1st Cross in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
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.v. Nagar 1st Cross

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K.N.V. Nagar 1st Cross guideline value

The current guideline value of K.N.V. Nagar 1st Cross is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village, under the jurisdiction of the Kunrathur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of K.N.V. Nagar 1st Cross has changed

The guideline value for K.N.V. Nagar 1st Cross has seen several revisions over the years. In 2012, the guideline value was Rs 1,400 per sq.ft. This figure decreased to Rs 938 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,400 per sq.ft, representing a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,540 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from 2012 to 2024, with the current rate aligning with the median value of Rs 1,540 per sq.ft for the 178 streets in Thiruverkadu under the Kunrathur SRO.

Guideline values in Thiruverkadu

In Thiruverkadu, the guideline values for various streets range from Rs 1,430 to Rs 3,520 per sq.ft, with the median being Rs 1,540 per sq.ft. K.N.V. Nagar 1st Cross's 2024 figure matches this median value.

Stamp duty and registration fee for property in K.N.V. Nagar 1st Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty, charged at 7%, would be Rs 1,07,800, while the registration fee at 2% would be Rs 30,800, making the total cost for these fees Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.N.V. Nagar 1st Cross?

The K.N.V. Nagar 1st Cross 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 details.

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

The guideline value plays a crucial role when buying or selling property in Thiruverkadu. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. This value is essential for both buyers and sellers as it ensures that the transaction is conducted at a legally recognized price.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property as per the guideline register.

Frequently asked questions

What is the current guideline value of K.N.V. Nagar 1st Cross?

The current guideline value of K.N.V. Nagar 1st Cross is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then back up to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the land classification for K.N.V. Nagar 1st Cross?

K.N.V. Nagar 1st Cross is classified as Residential Class I Type - I.

Where can I find the registration office for K.N.V. Nagar 1st Cross?

The registration office for K.N.V. Nagar 1st Cross is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in K.N.V. Nagar 1st Cross?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 15,40,000 would incur a stamp duty of Rs 1,07,800.