Guideline Value for K.S.K Nagar

K.S.K Nagar guideline value

The current guideline value of K.S.K Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Padichery village under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

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

Looking at the historical revisions, the guideline value for K.S.K Nagar has seen several changes. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision was lower at Rs 134 per sq.ft, marking a decrease of 33% from the 2012 figure. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the current 2024 revision, the guideline value has remained constant at Rs 200 per sq.ft, indicating no change over this period.

Guideline values in Padichery

In Padichery, there are 8 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 1,350 per sq.ft, with a median of Rs 191 per sq.ft. K.S.K Nagar's current guideline value is above this median.

• Kamarajar Street: Rs 181 per sq.ft (2024)
• Jeevan sakthi Teak Farms: Rs 181 per sq.ft (2024)
• Periyar Street: Rs 181 per sq.ft (2024)
• Please Plantations and Hills Resorts: Rs 181 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)
• Udaiyar Avenue: Rs 250 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. 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 further calculations.

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

The Sub Registrar Office that covers K.S.K Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Padichery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate fees based on the value of the property being transferred.

Frequently asked questions

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

The current guideline value of K.S.K Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since the 2012 revision, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023. The 2024 revision maintains this value.

What are the other streets in Padichery and their guideline values?

Other streets in Padichery include Kamarajar Street, Jeevan sakthi Teak Farms, Periyar Street, Please Plantations and Hills Resorts, Anna Street, and Udaiyar Avenue, with values ranging from Rs 181 to Rs 250 per sq.ft.

What fees are applicable when buying property in K.S.K Nagar?

When buying property in K.S.K Nagar, the applicable fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for K.S.K Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.