Guideline Value for KANGA PURAM

Kanga Puram guideline value

The current guideline value of Kanga Puram, located in Perumattu Nellore village under the Chengleput Joint II SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Kanga Puram has changed

The guideline value for Kanga Puram has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 175 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2012, showing a rise of 186%. However, the value dropped to Rs 335 per sq.ft in 2017, a decrease of 33%. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 500 per sq.ft, indicating no change between these two years. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 500 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 186%, reflecting the fluctuations in property valuation over the years.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 500 to Rs 2,850 per sq.ft. The median value for these streets is Rs 700 per sq.ft, positioning Kanga Puram's 2024 figure below this median.

• Karumariamman Nagar: Rs 700 per sq.ft (2024)
• Karumari Nagar: Rs 700 per sq.ft (2024)
• Krishna Nagar: Rs 500 per sq.ft (2024)
• Jbm Dakshin Nagar Phase III: Rs 800 per sq.ft (2024)
• Jbm Dakshin Nagar Phase II: Rs 800 per sq.ft (2024)
• Jbm Dakshin Nagar Phase I: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Kanga Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total charges to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanga Puram?

The Sub Registrar Office that covers Kanga Puram is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial component in the registration process for property transactions in Perumattu Nellore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate taxes on property transactions, contributing to local infrastructure and services.

Frequently asked questions

What is the current guideline value of Kanga Puram?

The current guideline value of Kanga Puram is Rs 500 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 175 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then dropping to Rs 335 per sq.ft in 2017, and returning to Rs 500 per sq.ft in 2023 and 2024.

What is the median guideline value in Perumattu Nellore?

The median guideline value in Perumattu Nellore for 2024 is Rs 700 per sq.ft, with Kanga Puram's value being below this median.

What are the stamp duty and registration fees for a property in Kanga Puram?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Where is the Sub Registrar Office for Kanga Puram located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.