Guideline Value for K.P.M.NAGAR

K.P.M.Nagar guideline value

The current guideline value of K.P.M.Nagar, located in Thotakadu village under the Ponneri SRO, is Rs 150 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

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

The guideline value for K.P.M.Nagar has seen several revisions over the years. In 2012, the value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 100 per sq.ft. However, from 2017 to 2023, the guideline value increased by 50% to Rs 150 per sq.ft. The 2024 revision maintains this value at Rs 150 per sq.ft, resulting in no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 150 per sq.ft.

Guideline values in Thotakadu

In Thotakadu, there are 10 streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 150 per sq.ft, with the median also being Rs 150 per sq.ft. K.P.M.Nagar's 2024 figure is equal to this median.

• J.P. Nagar: Rs 150 per sq.ft (2024)
• Jaynagar Ext: Rs 150 per sq.ft (2024)
• Jay Nagar: Rs 150 per sq.ft (2024)
• Sivasakthi Vinayagar Nagar: Rs 150 per sq.ft (2024)
• Sri Amman Nagar: Rs 150 per sq.ft (2024)
• Sri Amman Nagar Ext: Rs 150 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 details.

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

The Sub Registrar Office that covers K.P.M.Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for buying or selling property in Thotakadu. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is fair and transparent.

Frequently asked questions

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

The current guideline value of K.P.M.Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining it at Rs 150 per sq.ft. The value was Rs 100 per sq.ft in 2017 and Rs 150 per sq.ft in 2012.

What is the land classification for K.P.M.Nagar?

K.P.M.Nagar is classified as Residential Class II Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property in K.P.M.Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 13,500.

Which office handles registrations for K.P.M.Nagar?

The Ponneri Sub Registrar Office handles registrations for K.P.M.Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.