Guideline Value for KKR NAGAR

Kkr Nagar guideline value

The current guideline value of Kkr Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Perumudivakkam village under the Arani_Tiruvallur SRO, classified as Residential Class IV Type - I.

How the guideline value of Kkr Nagar has changed

The guideline value for Kkr Nagar has undergone several revisions over the years. In 2017, the value was set at Rs 67 per sq.ft. This figure was then revised to Rs 100 per sq.ft in both 2023 and 2024, showing an increase of 49% from 2017 to 2023 and remaining unchanged from 2023 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the only revisions that reflect any changes are from 2017, 2023, and 2024.

Guideline values in Perumudivakkam

Currently, there are no specific village figures available for Perumudivakkam. However, Kkr Nagar is included in this area, and there are no other streets in Perumudivakkam listed under the Arani_Tiruvallur SRO.

Stamp duty and registration fee for property in Kkr Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kkr Nagar?

The Sub Registrar Office that covers Kkr Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Perumudivakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum value that must be considered for registration purposes. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Kkr Nagar?

The current guideline value of Kkr Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, representing a 49% increase from 2017 to 2024.

Are there any revisions with figures for Kkr Nagar prior to 2017?

No figures are available for Kkr Nagar in the years 2002, 2003, 2007, and 2012 according to the register.

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

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which office handles property registrations for Kkr Nagar?

The Arani_Tiruvallur Sub Registrar Office is responsible for property registrations in Kkr Nagar, located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101, Chennai registration zone.