Guideline Value for K.P.S. Nagar

K.P.S. Nagar guideline value

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

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

The guideline value for K.P.S. Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012. However, this value dropped to Rs 938 per sq.ft in 2017. The following revision in 2023 raised the value to Rs 1,400 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,540 per sq.ft.

Notable changes between these revisions include a 460% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 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 the same as the current guideline value for K.P.S. Nagar.

• K.P.S. Nagar 1st Cross Street: Rs 1,540 per sq.ft (2024)
• K.P.S. Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• K.P.S. Nagar 3rd Cross Street: Rs 1,540 per sq.ft (2024)
• K.P.S. Nagar Main Road: 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

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, making the total cost for these fees 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.P.S. Nagar?

The Sub Registrar Office that covers K.P.S. Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

Frequently asked questions

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

The current guideline value of K.P.S. Nagar 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 significantly from Rs 250 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, marking an overall increase of 516% over this period.

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

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,07,800, and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which Sub Registrar Office should I visit for K.P.S. Nagar?

The Kunrathur Sub Registrar Office covers K.P.S. Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

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

K.P.S. Nagar is classified as Residential Class I Type - I, which is relevant for determining the guideline value and other regulatory aspects.