Guideline Value

Corporate

Guideline Value for K.R.K. NAGAR

₹330/sq.ft.

The guideline value for K.r.k. Nagar in Ariyanvoyal village (Ponneri SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ariyanvoyal

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 ₹35 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹30 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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]

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K.R.K. Nagar guideline value

The current guideline value of K.R.K. Nagar, located in Ariyanvoyal village under the Ponneri SRO, is Rs 330 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

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

The guideline value of K.R.K. Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 30 per sq.ft. This increased to Rs 35 per sq.ft in 2003, marking a 17% rise. The next revision was in 2012, where the value remained at Rs 300 per sq.ft, indicating a significant increase of 757% from 2003. However, in 2017, the value dropped to Rs 201 per sq.ft, a decrease of 33%. The 2023 revision brought the value back up to Rs 300 per sq.ft, and the latest revision in 2024 set it at Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 1000%. It is important to note that there is no figure available for K.R.K. Nagar in the 2007 revision.

Guideline values in Ariyanvoyal

Ariyanvoyal village has a total of 26 streets under the Ponneri SRO, with guideline values ranging from Rs 330 to Rs 880 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is the same as the current value for K.R.K. Nagar.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total to Rs 29,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers K.R.K. Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ariyanvoyal. It is used to determine the stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation for tax purposes. This is essential for maintaining transparency and consistency in property dealings.

Frequently asked questions

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

The current guideline value of K.R.K. Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 30 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 1000% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 3,30,000. The stamp duty would be Rs 23,100, and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which office handles property registrations in K.R.K. Nagar?

The Ponneri Sub Registrar Office handles property registrations for K.R.K. Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value determined for properties in Ariyanvoyal?

The guideline value is determined based on various factors, including land classification and historical revisions. It is used to establish the official value for property transactions in the area.