Guideline Value for KG RAKESH NAGAR

Kg Rakesh Nagar guideline value

The current guideline value for Kg Rakesh Nagar is Rs 402 per sq.ft, effective from 1 July 2024. This area is located in Malliyankaranai village, under the Uthiramerur SRO, and is classified as Residential Special Type - IV.

How the guideline value of Kg Rakesh Nagar has changed

According to the guideline value register, the most recent revision in 2024 shows a rate of Rs 402 per sq.ft, which is the same as the rate from the previous revision in 2023. The register does not contain figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, maintaining a consistent rate of Rs 402 per sq.ft. This stability indicates that the value has remained unchanged over the last two revisions.

Guideline values in Malliyankaranai

Malliyankaranai village has 42 streets under the Uthiramerur SRO, with 2024 guideline values ranging from Rs 200 to Rs 603 per sq.ft. The median value for these streets is Rs 401 per sq.ft, placing Kg Rakesh Nagar slightly above this median.

• Krishna Nagar: Rs 250 per sq.ft (2024)
• Magendira Nagar: Rs 401 per sq.ft (2024)
• Mahendra Avenu: Rs 250 per sq.ft (2024)
• Malliyankaranai: Rs 200 per sq.ft (2024)
• Malliyankaranai Madura Manikanatham: Rs 250 per sq.ft (2024)
• Iyappa Nagar: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Kg Rakesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 402 per sq.ft, the guideline value amounts to Rs 4,02,000. The stamp duty at 7% would be Rs 28,140, and the registration fee at 2% would be Rs 8,040, totaling Rs 36,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kg Rakesh Nagar?

Kg Rakesh Nagar falls under the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When a property is bought or sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Kg Rakesh Nagar?

The current guideline value for Kg Rakesh Nagar is Rs 402 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 402 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Kg Rakesh Nagar?

Kg Rakesh Nagar is classified as Residential Special Type - IV according to the guideline value register.

What are the stamp duty and registration fees for a property in Kg Rakesh Nagar?

For a property valued at Rs 4,02,000, the stamp duty would be Rs 28,140 and the registration fee would be Rs 8,040, totaling Rs 36,180.

Where is the Sub Registrar Office for Kg Rakesh Nagar located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.