Guideline Value for KISHEN NAGAR

Kishen Nagar guideline value

The current guideline value of Kishen Nagar is Rs 702 per sq.ft, effective from 1 July 2024. This area is located in Thiritheri village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kishen Nagar has changed

The guideline value for Kishen Nagar has remained consistent over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 702 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 revision to the 2024 revision, there was no percentage change, indicating stability in the guideline value. The current rate of Rs 702 per sq.ft is the same as the previous year, reflecting a consistent valuation for this street.

Guideline values in Thiritheri

In Thiritheri, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 702 to Rs 1,750 per sq.ft, with a median value of Rs 1,000 per sq.ft. Kishen Nagar's 2024 figure is below this median.

• Kuppai Kariyamman Kovil Street: Rs 1,000 per sq.ft (2024)
• Gandhi Nagar: Rs 1,493 per sq.ft (2024)
• Ellaiamman Koil St: Rs 1,000 per sq.ft (2024)
• Boulevard Villa Phase-II: Rs 1,000 per sq.ft (2024)
• Boulevad Villa: Rs 1,000 per sq.ft (2024)
• Anna Nagar: Rs 702 per sq.ft (2024)

Stamp duty and registration fee for property in Kishen Nagar

For a 1,000 sq.ft plot at the current rate of Rs 702 per sq.ft, the guideline value amounts to Rs 7,02,000. The stamp duty at 7% would be Rs 49,140, and the registration fee at 2% would be Rs 14,040, totaling Rs 63,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kishen Nagar?

Kishen Nagar falls under 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 Thiritheri

The guideline value plays a crucial role in the registration process of property transactions in Thiritheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When buying or selling property, the guideline value is referenced to determine the official value of the property for registration purposes. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kishen Nagar?

The current guideline value of Kishen Nagar is Rs 702 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 702 per sq.ft from 2023 to 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Kishen Nagar?

Kishen Nagar is classified as Residential Class II Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for property in Kishen Nagar?

For a property valued at Rs 7,02,000, the stamp duty would be Rs 49,140, and the registration fee would be Rs 14,040, totaling Rs 63,180.

Where can I find the Chengleput Joint II Sub Registrar Office?

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