Guideline Value for K.S NAGAR

K.S Nagar guideline value

The current guideline value for K.S Nagar is Rs 925 per sq.ft, effective from 1 July 2024. This area falls under Vishnukanchi village and is governed by the Kanchipuram Joint IV SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of K.S Nagar has changed

The guideline value for K.S Nagar has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. However, in the 2023 revision, the guideline value was set at Rs 700 per sq.ft, which was then increased to Rs 925 per sq.ft in the 2024 revision, marking a significant increase of 32%.

This increase in guideline value reflects the latest assessment of property values in the area. The most recent figure of Rs 925 per sq.ft will be applicable for all transactions from July 2024 onwards.

Guideline values in Vishnukanchi

K.S Nagar is part of the Vishnukanchi locality, which includes other streets that also have their own guideline values. Below are the other streets in Vishnukanchi along with their respective guideline values:

• Kandhan Garden: Rs 900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 925 per sq.ft, the total guideline value amounts to Rs 9,25,000. The stamp duty at 7% would be Rs 64,750, and the registration fee at 2% would be Rs 18,500, making the total charges Rs 83,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations based on your specific property details.

Which Sub Registrar Office covers K.S Nagar?

K.S Nagar is covered by the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, in the Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Vishnukanchi. It serves as the basis for calculating stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations and avoid any legal issues.

When registering a property, the guideline value is used to determine the applicable fees. It is essential for both parties to be aware of the current guideline value to facilitate a smooth transaction process.

Frequently asked questions

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

The current guideline value of K.S Nagar is Rs 925 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 700 per sq.ft to Rs 925 per sq.ft, which is a rise of 32%.

What is the land classification for K.S Nagar?

The land classification for K.S Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

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

For a property valued at Rs 9,25,000, the stamp duty would be Rs 64,750 and the registration fee would be Rs 18,500, totaling Rs 83,250.

Which office handles property registrations for K.S Nagar?

The Kanchipuram Joint IV Sub Registrar Office handles property registrations for K.S Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.