Guideline Value for K.P.N Platinum City

K.P.N Platinum City guideline value

The current guideline value of K.P.N Platinum City, located in Karanaipuducheri village under the Gooduvancheri SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of K.P.N Platinum City has changed

Over the years, the guideline value for K.P.N Platinum City has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 1,200 per sq.ft. The 2017 revision marked a significant increase to Rs 804 per sq.ft, reflecting a 49% rise from the previous figure. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2012 to 2024, the overall change is 0%, as the value returned to Rs 1,200 per sq.ft. The most recent revision in 2024 has not altered the value from the previous year, maintaining the same guideline value of Rs 1,200 per sq.ft.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value for K.P.N Platinum City is above this median.

• Kpn Nagar: Rs 1,100 per sq.ft (2024)
• Kpn Grand: Rs 1,500 per sq.ft (2024)
• Kpn Avenue: Rs 1,100 per sq.ft (2024)
• Krishna Nagar: Rs 1,200 per sq.ft (2024)
• Krishna Nagar Extension: Rs 700 per sq.ft (2024)
• K.K.R Nagar Phase - II: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in K.P.N Platinum City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty, charged at 7%, would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. 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 detailed calculations.

Which Sub Registrar Office covers K.P.N Platinum City?

The K.P.N Platinum City is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

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

Frequently asked questions

What is the current guideline value of K.P.N Platinum City?

The current guideline value of K.P.N Platinum City is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft since 2012, with a notable rise from Rs 804 per sq.ft in 2017. There have been no changes from 2023 to 2024.

What is the land classification for K.P.N Platinum City?

The land classification for K.P.N Platinum City is Residential Special Type - I, indicating its suitability for residential development.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in K.P.N Platinum City?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 at 7%.