Guideline Value for K.S.S.NAGAR

K.S.S.Nagar guideline value

The current guideline value of K.S.S.Nagar is Rs 1,250 per sq.ft as per the 2023 revision. This area falls under the Thiruporur Sub Registrar Office and is classified as Residential Class I Type - I.

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

Over the years, the guideline value for K.S.S.Nagar has seen several revisions. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,250 per sq.ft in the 2012 revision, marking a remarkable increase of 213%. However, from 2012 to 2017, the value decreased to Rs 837 per sq.ft, a decline of 33%. The most recent 2023 revision brought the guideline value back up to Rs 1,250 per sq.ft, reflecting an increase of 49% from the previous revision.

Overall, from 2007 to 2023, the guideline value has increased by 213%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Kelambakkam

Currently, there are no specific village figures provided for Kelambakkam. K.S.S.Nagar is one of the streets under the Thiruporur SRO. Unfortunately, there are no other streets in Kelambakkam listed with guideline values.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,250 per sq.ft, the guideline value amounts to Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, while the registration fee at 2% would be Rs 25,000. Together, the total cost for these fees would be Rs 1,12,500. 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.S.S.Nagar?

K.S.S.Nagar is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Kelambakkam, as it determines the minimum value at which a property can be registered. When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation.

It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions. This value is updated periodically, reflecting changes in the real estate landscape.

Frequently asked questions

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

The current guideline value of K.S.S.Nagar is Rs 1,250 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,250 per sq.ft in 2012, then decreased to Rs 837 per sq.ft in 2017, and finally increased back to Rs 1,250 per sq.ft in 2023.

What is the stamp duty for property in K.S.S.Nagar?

The stamp duty for property in K.S.S.Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property registration, which in turn affects the calculation of stamp duty and registration fees during property transactions.