Guideline Value for KJR nagar

KJR nagar guideline value

The current guideline value of KJR nagar, located in Nallur village under the Sriperumpudur SRO, is Rs 350 per sq.ft, effective from 1 July 2024. This area is classified as a New House Site Type -III (Approved Lay-Out).

How the guideline value of KJR nagar has changed

In the 2012 revision, the guideline value was set at Rs 350 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 234 per sq.ft, marking a decline of 33%. The value then saw a significant increase in the 2023 revision, returning to Rs 350 per sq.ft, which was maintained in the 2024 revision, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 350 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nallur

Nallur village has 33 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 126 to Rs 700 per sq.ft, with a median value of Rs 250 per sq.ft. KJR nagar's 2024 guideline value of Rs 350 per sq.ft is above this median.

• Krishna nagar: Rs 350 per sq.ft (2024)
• Kariman Nagar: Rs 150 per sq.ft (2024)
• Mangala Nagar: Rs 175 per sq.ft (2024)
• Indra Nagar part - II: Rs 250 per sq.ft (2024)
• Indira Nagar: Rs 250 per sq.ft (2024)
• HiTech City: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in KJR nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, making the total charges Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KJR nagar?

The KJR nagar area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Nallur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When buying or selling property, the guideline value must be considered, as it can affect the total costs involved in the transaction. Buyers and sellers should be aware of the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of KJR nagar?

The current guideline value of KJR nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has fluctuated, decreasing to Rs 234 per sq.ft in 2017, then returning to Rs 350 per sq.ft in 2023 and remaining the same in 2024.

What is the land classification for KJR nagar?

KJR nagar is classified as a New House Site Type -III (Approved Lay-Out).

What are the stamp duty and registration fees for a property in KJR nagar?

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500.

Which office handles property registrations for KJR nagar?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles property registrations for KJR nagar.