Guideline Value

Corporate

Guideline Value for K.N.V. Nagar Main Road

₹1540/sq.ft.

The guideline value for K.n.v. Nagar Main Road 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 Main Road

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K.N.V. Nagar Main Road guideline value

The current guideline value of K.N.V. Nagar Main Road is Rs 1,540 per sq.ft, effective from 1 July 2024. This road is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of K.N.V. Nagar Main Road has changed

Over the years, the guideline value of K.N.V. Nagar Main Road has seen several revisions. The 2012 revision set the value at Rs 1,400 per sq.ft, which was then reduced to Rs 938 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,400 per sq.ft in the 2023 revision, and finally, the current value is Rs 1,540 per sq.ft as of the 2024 revision. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 to 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from the 2012 revision to the 2024 revision is an increase of 10%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is equal to the guideline value of K.N.V. Nagar Main Road.

Stamp duty and registration fee for property in K.N.V. Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, totaling 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers K.N.V. Nagar Main Road?

The K.N.V. Nagar Main Road 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 Thiruverkadu

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruverkadu. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the government receives appropriate revenue from the transaction.

When a property is sold, the stamp duty and registration fees are calculated based on either the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that all legal requirements are met.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Since 2012, the guideline value has seen several changes, with the most recent increase being from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024.

What is the median guideline value in Thiruverkadu?

The median guideline value in Thiruverkadu is Rs 1,540 per sq.ft, which is the same as the current value for K.N.V. Nagar Main Road.

What are the stamp duty and registration fees for properties in K.N.V. Nagar Main Road?

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which office handles registrations for K.N.V. Nagar Main Road?

The Kunrathur Sub Registrar Office handles registrations for K.N.V. Nagar Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.