Guideline Value for K.S.R.nagar

K.S.R.nagar guideline value

The current guideline value of K.S.R.nagar is Rs 5,100 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village and falls under the Ambattur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of K.S.R.nagar has changed

In the 2012 revision, the guideline value was Rs 4,700 per sq.ft. This figure was then revised to Rs 3,149 per sq.ft in 2017, reflecting a decrease of 33%. Following this, the value increased significantly to Rs 4,700 per sq.ft in 2023, marking a rise of 49%. The latest revision in 2024 set the guideline value at Rs 5,100 per sq.ft, which is an increase of 9% from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 9%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

Ambattur village has a total of 448 streets under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft as of 2024. The median guideline value for the village is Rs 3,600 per sq.ft, placing K.S.R.nagar's 2024 figure above this median.

• KrishnaThirai Arangam Street: Rs 3,600 per sq.ft (2024)
• Krishnasamy masthri Street: Rs 3,600 per sq.ft (2024)
• Krishna Nagar: Rs 2,000 per sq.ft (2024)
• Krishnamoorthy Street (ramapuram): Rs 3,600 per sq.ft (2024)
• Krishnaji sukkal Street: Rs 4,000 per sq.ft (2024)
• Krishna Iyer Street: Rs 4,000 per sq.ft (2024)

Stamp duty and registration fee for property in K.S.R.nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 5,100 per sq.ft, the total guideline value amounts to Rs 51,00,000. The stamp duty at 7% would be Rs 3,57,000, and the registration fee at 2% would be Rs 1,02,000, bringing the total charges to Rs 4,59,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers K.S.R.nagar?

The Sub Registrar Office that covers K.S.R.nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process for property transactions in Ambattur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of K.S.R.nagar?

The current guideline value of K.S.R.nagar is Rs 5,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,700 per sq.ft in 2012 to Rs 3,149 per sq.ft in 2017, then to Rs 4,700 per sq.ft in 2023, and finally to Rs 5,100 per sq.ft in 2024.

What is the land classification for K.S.R.nagar?

The land classification for K.S.R.nagar is Residential Special Type - I.

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

The Sub Registrar Office for K.S.R.nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in K.S.R.nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 51,00,000 would incur a stamp duty of Rs 3,57,000 at 7%.