Guideline Value for KKR NAGAR

Kkr Nagar guideline value

The current guideline value of Kkr Nagar, located in Neelamangalam village under the Gooduvancheri SRO, is Rs 900 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Kkr Nagar has changed

The guideline value for Kkr Nagar has remained consistent over the years. The 2017 revision set the value at Rs 900 per sq.ft, which was maintained in the 2023 revision and continues in the 2024 revision. There are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, there has been no change in the guideline value, remaining at Rs 900 per sq.ft. The changes between the 2023 and 2024 revisions also reflect a stable rate, with an increase of 0%.

Guideline values in Neelamangalam

In Neelamangalam, there are 41 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing Kkr Nagar's 2024 figure above this median.

• Kesavan Garden: Rs 1,300 per sq.ft (2024)
• K.C.R. Nagar Phase -II: Rs 1,344 per sq.ft (2024)
• K.C.R.Nagar: Rs 1,344 per sq.ft (2024)
• Kavalkaran Nagar: Rs 600 per sq.ft (2024)
• Kamaraj Nagar: Rs 600 per sq.ft (2024)
• Madhan Square: Rs 500 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 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total fees to Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, 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 information.

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

The guideline value is a crucial factor in property transactions in Neelamangalam, as it determines the minimum value on which stamp duty and registration fees are calculated. When buying or selling property, this value ensures that the transaction is registered at a fair price, as set by the local authorities.

During the registration process, the guideline value serves as a benchmark for assessing the property’s worth. Buyers and sellers should be aware of this value to understand their obligations regarding taxes and fees associated with the property transfer.

Frequently asked questions

What is the current guideline value of Kkr Nagar?

The current guideline value of Kkr Nagar is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 900 per sq.ft since the 2017 revision, with no changes noted in the subsequent revisions of 2023 and 2024.

What is the land classification for Kkr Nagar?

Kkr Nagar is classified as Residential Special Type - IV, which indicates the type of development permitted in this area.

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

For a property valued at Rs 9,00,000, the stamp duty would be Rs 63,000 and the registration fee would be Rs 18,000, totaling Rs 81,000. These fees are based on the guideline value.

Which office handles property registrations for Kkr Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations for Kkr Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.