Guideline Value for K.S.S.Nagar

K.S.S.Nagar guideline value

The current guideline value for K.S.S.Nagar, located in Maduravoyal village under the Virugambakkam SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

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

The guideline value for K.S.S.Nagar has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 133 per sq.ft. This increased to Rs 146 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 300 per sq.ft in 2007, which was a 105% jump. In 2012, the guideline value was Rs 2,500 per sq.ft, reflecting a decrease of 33% from the previous revision.

In 2017, the value rose to Rs 1,675 per sq.ft, showing a 49% increase. The most recent revision in 2023 set the guideline value at Rs 2,500 per sq.ft. Finally, the current value of Rs 2,750 per sq.ft effective from 2024 represents a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1,968%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value for these streets is Rs 3,050 per sq.ft, placing K.S.S.Nagar's 2024 figure below that median.

• Krishnamachari Nagar 9th Street: Rs 3,600 per sq.ft (2024)
• Krishnamachari Nagar 8th Street: Rs 3,600 per sq.ft (2024)
• Krishnamachari Nagar 7th Street: Rs 3,600 per sq.ft (2024)
• Krishnamachari Nagar 6th Street: Rs 3,600 per sq.ft (2024)
• Krishnamachari Nagar 5th Street: Rs 3,600 per sq.ft (2024)
• Krishnamachari Nagar 4th Street: Rs 3,600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration would be Rs 2,47,500. 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 details.

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

K.S.S.Nagar falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Maduravoyal. It is used to calculate the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the government.

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 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 133 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 1,968%.

What is the land classification for K.S.S.Nagar?

K.S.S.Nagar is classified as Residential Class IV Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 2,47,500.

Which office handles property registrations in K.S.S.Nagar?

The Virugambakkam Sub Registrar Office handles property registrations for K.S.S.Nagar, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.