Guideline Value for K.R.R.C NAGAR

K.R.R.C Nagar guideline value

The current guideline value of K.R.R.C Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Pungathur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class I Type - I.

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

The guideline value for K.R.R.C Nagar has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 1,500 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline values have evolved as follows: the 2024 revision is Rs 1,650 per sq.ft, while the 2023 revision was Rs 1,500 per sq.ft. The absence of figures for the earlier years indicates a lack of recorded guideline values for K.R.R.C Nagar during those periods.

Guideline values in Pungathur

Pungathur village features a total of 32 streets under the Tiruvallur Joint 1 SRO, with 2024 guideline values ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value in this village is Rs 1,485 per sq.ft, placing K.R.R.C Nagar's 2024 figure above this median.

• Keezhandai mada veedhi: Rs 550 per sq.ft (2024)
• Kamakshiamman st: Rs 550 per sq.ft (2024)
• Meelandai madaveedi: Rs 550 per sq.ft (2024)
• Jayanagar mainRoad: Rs 1,650 per sq.ft (2024)
• R.P Gardan: Rs 1,650 per sq.ft (2024)
• Bajanai koil st: Rs 550 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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

K.R.R.C Nagar is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Pungathur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

Frequently asked questions

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

The current guideline value of K.R.R.C Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, marking a 10% rise.

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

K.R.R.C Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

The Tiruvallur Joint 1 Sub Registrar Office covers K.R.R.C Nagar and is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in K.R.R.C Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a plot valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at the rate of 7%.