Guideline Value for K.P.S. NAGAR PHASE - I

K.P.S. Nagar Phase - I guideline value

The current guideline value for K.P.S. Nagar Phase - I is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Royal Pathoo village under the Thiruporur Sub Registrar Office (SRO) and is classified as Mixed Type - III land.

How the guideline value of K.P.S. Nagar Phase - I has changed

The guideline value for K.P.S. Nagar Phase - I has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a decrease to Rs 335 per sq.ft, before returning to Rs 500 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, comparing the 2012 and 2024 revisions, there has been no change in the guideline value, remaining at Rs 500 per sq.ft.

Guideline values in Royal Pathoo

In Royal Pathoo, there are three streets that carry a guideline value for 2024, ranging from Rs 126 to Rs 500 per sq.ft. K.P.S. Nagar Phase - I's value is above the median of Rs 150 per sq.ft for the village.

• Royal City: Rs 150 per sq.ft (2024)
• Sri Prithyangara Nagar: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in K.P.S. Nagar Phase - I

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.P.S. Nagar Phase - I?

The K.P.S. Nagar Phase - I is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is an essential factor during property registration in Royal Pathoo. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for K.P.S. Nagar Phase - I?

The current guideline value for K.P.S. Nagar Phase - I is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft in the 2023 and 2024 revisions, while it was Rs 335 per sq.ft in 2017, and Rs 500 per sq.ft in 2012. There are no figures available for the years 2002, 2003, and 2007.

What are the other streets in Royal Pathoo?

Other streets in Royal Pathoo include Royal City, which has a guideline value of Rs 150 per sq.ft, and Sri Prithyangara Nagar, with a value of Rs 126 per sq.ft for 2024.

How is stamp duty calculated in K.P.S. Nagar Phase - I?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,00,000, the stamp duty at 7% would be Rs 35,000.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.