Guideline Value

Corporate

Guideline Value for K.P.S. Nagar Main Road

₹1540/sq.ft.

The guideline value for K.p.s. Nagar Main Road 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 Main Road

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K.P.S. Nagar Main Road guideline value

The current guideline value of K.P.S. Nagar Main Road is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village, under the Kunrathur Sub Registrar Office (SRO), classified as Residential Class I Type - I.

How the guideline value of K.P.S. Nagar Main Road has changed

The guideline value for K.P.S. Nagar Main Road has undergone several revisions over the years. In 2012, the value was set at Rs 1,400 per sq.ft, which then decreased to Rs 938 per sq.ft in 2017. However, a significant increase occurred in 2023, where the value rose to Rs 1,400 per sq.ft, followed by another increase to Rs 1,540 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it experienced a decrease of 33%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. There are no figures available for the years 2002, 2003, and 2007 in the register 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 is Rs 1,540 per sq.ft, which is equal to the guideline value of K.P.S. Nagar Main Road.

Stamp duty and registration fee for property in K.P.S. Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total 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, making the total fees Rs 1,38,600. It is important to note that 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.S. Nagar Main Road?

The K.P.S. Nagar Main Road 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 more information.

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

The guideline value is a crucial factor when buying or selling property in Thiruverkadu, as it determines the minimum price at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of K.P.S. Nagar Main Road?

The current guideline value of K.P.S. Nagar Main Road is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, marking a 10% increase. It was Rs 938 per sq.ft in 2017, showing a 49% increase from that year to 2023.

What is the land classification for K.P.S. Nagar Main Road?

K.P.S. Nagar Main Road is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in K.P.S. Nagar Main Road?

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 at 7%, and the registration fee would be Rs 30,800 at 2%, totaling Rs 1,38,600.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all registrations for properties in the K.P.S. Nagar area.