Guideline Value for K.V.N.Puram

K.V.N.Puram guideline value

The current guideline value of K.V.N.Puram is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Aminjikarai village under the AnnaNagar SRO, classified as Residential Class II Type - III.

How the guideline value of K.V.N.Puram has changed

The guideline value for K.V.N.Puram has seen significant changes over the years. In the 2002 revision, the value was Rs 355 per sq.ft. This increased to Rs 1,000 per sq.ft in 2007, marking a substantial rise of 182%. The value then jumped to Rs 3,000 per sq.ft in 2012, which was a 200% increase from the previous revision. However, in the 2017 revision, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. The 2023 revision set the value at Rs 3,000 per sq.ft, and the most recent 2024 revision has increased it to Rs 3,300 per sq.ft, a rise of 10% from the previous year.

It is important to note that there is no figure available for the year 2003 for this street. Overall, comparing the 2002 and 2024 revisions, the guideline value has increased by 830%.

Guideline values in Aminjikarai

Aminjikarai village features 99 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft in 2024. The median guideline value for these streets is Rs 4,400 per sq.ft, indicating that K.V.N.Puram's 2024 figure is below this median.

• Lakshmi Talkies Road: Rs 14,300 per sq.ft (2024)
• Lime Kiln Street: Rs 6,600 per sq.ft (2024)
• Kilpauk Garden Road: Rs 15,000 per sq.ft (2024)
• Manjakollai Street: Rs 6,600 per sq.ft (2024)
• Kanniamman Koil Street: Rs 6,600 per sq.ft (2024)
• Kanniah Chetty Street Ist Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in K.V.N.Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. 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 precise calculations.

Which Sub Registrar Office covers K.V.N.Puram?

The Sub Registrar Office that covers K.V.N.Puram is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial component in the registration process of property transactions in Aminjikarai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable duties. Buyers should be aware that the duty is charged based on the higher amount between the guideline value and the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of K.V.N.Puram?

The current guideline value of K.V.N.Puram is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 355 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 830%.

What is the registration office for K.V.N.Puram?

The registration office for K.V.N.Puram is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in K.V.N.Puram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.

What are the guideline values of other streets in Aminjikarai?

Other streets in Aminjikarai have varying guideline values, ranging from Rs 3,300 to Rs 16,500 per sq.ft. For instance, Lakshmi Talkies Road has a guideline value of Rs 14,300 per sq.ft.