Guideline Value for K.P.V.NAGAR

K.P.V.Nagar guideline value

The current guideline value of K.P.V.Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class IV Type - I.

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

The guideline value for K.P.V.Nagar has undergone significant changes over the years. In the 2017 revision, the guideline value was set at Rs 1,005 per sq.ft. With the 2024 revision, it has increased to Rs 1,700 per sq.ft, marking a change of +69% from the previous figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street. The only revisions that provide a guideline value are from 2017 and 2024.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means K.P.V.Nagar's 2024 figure is below that median.

• Kothari Avenue: Rs 4,400 per sq.ft (2024)
• Krishna Vrundavan Road: Rs 2,800 per sq.ft (2024)
• K.Thoppu Cross Street: Rs 2,200 per sq.ft (2024)
• K.Thoppu School Street: Rs 2,200 per sq.ft (2024)
• K.T.K. Town: Rs 4,400 per sq.ft (2024)
• K.T.K.TOWN 1st STREET: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in K.P.V.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, while the registration fee at 2% would be Rs 34,000, bringing the total cost together to Rs 1,53,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

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

K.P.V.Nagar falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor when registering property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When a buyer decides to register a property, the guideline value is referenced to ensure that the correct fees are calculated based on the higher value between the guideline and the sale price. This ensures transparency and compliance with local regulations.

Frequently asked questions

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

The current guideline value of K.P.V.Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, representing a change of +69%.

Are there any revisions with no figures for K.P.V.Nagar?

Yes, the register has no figures for K.P.V.Nagar for the years 2023, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for K.P.V.Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 17,00,000. The stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles the registration for K.P.V.Nagar?

The Neelankarai Sub Registrar Office handles the registration for K.P.V.Nagar, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.