Guideline Value for K.R.C.NAGAR

K.R.C.Nagar guideline value

The current guideline value of K.R.C.Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Uthukottai village under the Oothukkottai SRO, classified as Residential Class II Type - I.

How the guideline value of K.R.C.Nagar has changed

The guideline value for K.R.C.Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision, where it also stood at Rs 400 per sq.ft. The next revision in 2024 continued this trend, maintaining the value at Rs 400 per sq.ft, showing no change from the previous year.

Looking further back, the 2017 revision recorded a guideline value of Rs 268 per sq.ft, which marked a significant increase of 49% from the 2012 figure. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 400 per sq.ft.

Guideline values in Uthukottai

In Uthukottai, there are 120 streets under the Oothukkottai SRO with a guideline value for 2024 ranging from Rs 200 to Rs 1,000 per sq.ft. The median value is Rs 500 per sq.ft, indicating that K.R.C.Nagar's 2024 figure is below this median.

• Koyyahthoppu East Street: Rs 200 per sq.ft (2024)
• KOYYAHTHOPPU 2nd CROSS STREET: Rs 200 per sq.ft (2024)
• KOYYAHTHOPPU 1st CROSS STREET: Rs 200 per sq.ft (2024)
• Koyyahthoppu: Rs 200 per sq.ft (2024)
• KOTTAI 2nd STREET: Rs 400 per sq.ft (2024)
• KOTTAI 1st STREET: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in K.R.C.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers K.R.C.Nagar?

The K.R.C.Nagar area falls under the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the applicable fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of K.R.C.Nagar?

The current guideline value of K.R.C.Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 400 per sq.ft in 2024 and 2023. The value was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012.

What are the stamp duty rates for properties in K.R.C.Nagar?

The stamp duty for properties in K.R.C.Nagar is charged at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000.

Where can I find the Sub Registrar Office for K.R.C.Nagar?

The Sub Registrar Office covering K.R.C.Nagar is located near the government hospital in Uthukottai, with the postal code 602026.

What is the land classification of K.R.C.Nagar?

K.R.C.Nagar is classified as Residential Class II Type - I, indicating its designation for residential use within the area.