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Guideline Value

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Guideline Value for K.P.S. Nagar 2nd Cross Street

₹1540/sq.ft.

The guideline value for K.p.s. Nagar 2nd Cross Street 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.p.s. Nagar 2nd Cross Street

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K.P.S. Nagar 2nd Cross Street guideline value

The current guideline value of K.P.S. Nagar 2nd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of K.P.S. Nagar 2nd Cross Street has changed

The guideline value for K.P.S. Nagar 2nd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which was followed by a decrease to Rs 938 per sq.ft in the 2017 revision, 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 has further increased the guideline value to Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for K.P.S. Nagar 2nd Cross Street. Overall, the guideline value has increased by 10% from 2012 to 2024.

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 guideline value for these streets is Rs 1,540 per sq.ft, which is the same as the current value for K.P.S. Nagar 2nd Cross Street.

Stamp duty and registration fee for property in K.P.S. Nagar 2nd Cross Street

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, bringing the total costs together to 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 on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.P.S. Nagar 2nd Cross Street?

The K.P.S. Nagar 2nd Cross Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for additional assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruverkadu. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial aspects of the transaction. Ensuring that the guideline value is accurately reflected in the sale agreement can help avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of K.P.S. Nagar 2nd Cross Street?

The current guideline value of K.P.S. Nagar 2nd Cross Street 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 increased 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.P.S. Nagar 2nd Cross Street?

K.P.S. Nagar 2nd Cross Street is classified as Residential Class I Type - I.

Where can I find the registration office for K.P.S. Nagar 2nd Cross Street?

The registration office for K.P.S. Nagar 2nd Cross Street 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.P.S. Nagar 2nd Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 15,40,000, the stamp duty at 7% would be Rs 1,07,800.