Guideline Value for KKR NAGAR

Kkr Nagar guideline value

The current guideline value of Kkr Nagar, located in Karanaipuducheri village under the Gooduvancheri SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Kkr Nagar has changed

The guideline value for Kkr Nagar has remained constant at Rs 1,200 per sq.ft since the 2023 revision, which also recorded the same value. Prior to these revisions, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

As a result, there has been no change in the guideline value from 2023 to 2024, reflecting a stable valuation for this street over the recent years.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, with a median value of Rs 802 per sq.ft. Kkr Nagar's current guideline value is above this median.

• K.K.R. Nagar Phase-I: Rs 1,200 per sq.ft (2024)
• K.K.R Nagar Phase - II: Rs 1,100 per sq.ft (2024)
• Kavin Avenue: Rs 700 per sq.ft (2024)
• Kpn Avenue: Rs 1,100 per sq.ft (2024)
• Kpn Grand: Rs 1,500 per sq.ft (2024)
• Kpn Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kkr Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. 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 Kkr Nagar?

Kkr Nagar falls under the jurisdiction of 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared against the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration process is aligned with the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Kkr Nagar?

The current guideline value of Kkr Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft since the 2023 revision, with no figures recorded for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Kkr Nagar?

Kkr Nagar is classified as Residential Special Type - I, indicating its designation for residential development.

What is the stamp duty for property in Kkr Nagar?

The stamp duty for property in Kkr Nagar is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000.

Where is the Sub Registrar Office for Kkr Nagar located?

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