Guideline Value for K.S.nagar

K.S.nagar guideline value

The current guideline value of K.S.nagar, located in Poonthamallee village under the Poonamallee SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

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

The guideline value for K.S.nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft. This figure saw a significant increase to Rs 2,000 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 1,340 per sq.ft in 2017, representing a decline of 33%. The value increased again to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO, with the 2024 guideline values ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the guideline value for K.S.nagar.

• Kulakarai street: Rs 2,200 per sq.ft (2024)
• Kothandarasamy street: Rs 3,250 per sq.ft (2024)
• Korre medu: Rs 2,200 per sq.ft (2024)
• Kundrathoor road: Rs 2,740 per sq.ft (2024)
• Kundrathoor Road 24 To 130: Rs 2,740 per sq.ft (2024)
• Kundrathoor Road Door No 1st To 19: Rs 2,740 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 rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total fees would be Rs 1,98,000. 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.nagar?

K.S.nagar falls under the jurisdiction of the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Poonthamallee. It serves as the basis for calculating the stamp duty and registration fees that are required during the transaction process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values 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.nagar?

The current guideline value of K.S.nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the stamp duty rates applicable in K.S.nagar?

The stamp duty rate in K.S.nagar is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for K.S.nagar located?

The Poonamallee Sub Registrar Office, which covers K.S.nagar, is located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

What is the land classification of K.S.nagar?

K.S.nagar is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.