Guideline Value for K.P.S. Nagar 3rd Cross Street

K.P.S. Nagar 3rd Cross Street guideline value

The current guideline value of K.P.S. Nagar 3rd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village and falls under the Kunrathur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of K.P.S. Nagar 3rd Cross Street has changed

The guideline value for K.P.S. Nagar 3rd Cross Street has undergone several revisions over the years. In 2012, the value was Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and then to Rs 1,540 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 the same as the current value for K.P.S. Nagar 3rd Cross Street.

• K.P.S. Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• K.P.S. Nagar Main Road: Rs 1,540 per sq.ft (2024)
• K.P.S. Nagar 1st Cross Street: Rs 1,540 per sq.ft (2024)
• K.P.S. Nagar: Rs 1,540 per sq.ft (2024)
• Krishna Nagar: Rs 1,540 per sq.ft (2024)
• K.N.V. Nagar Main Road: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in K.P.S. Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers K.P.S. Nagar 3rd Cross Street?

The K.P.S. Nagar 3rd Cross Street 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 stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers to plan their financial obligations accurately during property transactions. It is essential to be aware of the current rates to ensure compliance with local regulations and to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value for K.P.S. Nagar 3rd Cross Street?

The current guideline value for K.P.S. Nagar 3rd 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 are the stamp duty and registration fees for this property?

For a property with a guideline value of 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 registers properties in K.P.S. Nagar 3rd Cross Street?

The Kunrathur Sub Registrar Office registers properties in K.P.S. Nagar 3rd Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for K.P.S. Nagar 3rd Cross Street?

The land classification for K.P.S. Nagar 3rd Cross Street is Residential Class I Type - I.