Guideline Value for KJ Nagar Extn

KJ Nagar Extn guideline value

The current guideline value of KJ Nagar Extn is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Class III Type - I.

How the guideline value of KJ Nagar Extn has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,000 per sq.ft. The current 2024 revision has maintained this value at Rs 1,000 per sq.ft, reflecting a 49% increase from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The guideline value has seen no change from 2023 to 2024, remaining at Rs 1,000 per sq.ft.

Guideline values in Gooduvancheri

Gooduvancheri village has 129 streets under the Gooduvancheri SRO with 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing KJ Nagar Extn's 2024 figure below that median.

• K.J. Nagar: Rs 1,200 per sq.ft (2024)
• K.K. Nagar: Rs 2,001 per sq.ft (2024)
• Krishna Nagar: Rs 1,200 per sq.ft (2024)
• Kanniyappa Nagar: Rs 2,001 per sq.ft (2024)
• Kumaran Nagar: Rs 1,500 per sq.ft (2024)
• Kannagi Street: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in KJ Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KJ Nagar Extn?

The KJ Nagar Extn area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Gooduvancheri. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property in the area.

When selling property, the guideline value is referenced to ensure that the transaction is compliant with local regulations. Buyers and sellers should be aware of the current guideline value to ensure accurate financial planning during the sale process.

Frequently asked questions

What is the current guideline value of KJ Nagar Extn?

The current guideline value of KJ Nagar Extn is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, moving from Rs 670 per sq.ft to Rs 1,000 per sq.ft in the 2024 revision. There was no change in the value from 2023 to 2024.

What is the median guideline value in Gooduvancheri?

The median guideline value for the 129 streets in Gooduvancheri is Rs 1,500 per sq.ft. KJ Nagar Extn's current value is below this median.

What are the stamp duty and registration fees for KJ Nagar Extn?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. This is based on the current guideline value of Rs 1,000 per sq.ft.

Where is the Sub Registrar Office for KJ Nagar Extn located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.