Guideline Value for KPN Blue Sky

KPN Blue Sky guideline value

The current guideline value of KPN Blue Sky, located in Paandoor village under the Thiruporur SRO, is Rs 1,614 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - II.

How the guideline value of KPN Blue Sky has changed

In the 2017 revision, the guideline value was Rs 1,081 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,614 per sq.ft. The 2024 revision has maintained this value at Rs 1,614 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2017 to 2024, the guideline value has also increased by 49%.

Guideline values in Paandoor

In Paandoor, there are 35 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 3,300 per sq.ft. The median guideline value in this village is Rs 1,493 per sq.ft, and KPN Blue Sky's 2024 figure of Rs 1,614 per sq.ft is above this median.

• Krishna Enclave: Rs 600 per sq.ft (2024)
• Jai Avenue: Rs 1,493 per sq.ft (2024)
• Mother Land: Rs 805 per sq.ft (2024)
• Gmr Avenue: Rs 600 per sq.ft (2024)
• N P Nagar: Rs 2,000 per sq.ft (2024)
• Om Jai Sri Sai Nagar: Rs 1,614 per sq.ft (2024)

Stamp duty and registration fee for property in KPN Blue Sky

For a 1,000 sq.ft plot at the current guideline value of Rs 1,614 per sq.ft, the total guideline value would be Rs 16,14,000. The stamp duty at 7% would be Rs 1,12,980, and the registration fee at 2% would be Rs 32,280, making the total cost for these fees Rs 1,45,260. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KPN Blue Sky?

KPN Blue Sky falls under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Paandoor. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value serves as a benchmark for calculating the taxes due, ensuring that the government receives appropriate revenue from property transactions. Buyers and sellers should be aware of these values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of KPN Blue Sky?

The current guideline value of KPN Blue Sky is Rs 1,614 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,614 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 1,081 per sq.ft in 2017.

What is the land classification of KPN Blue Sky?

The land classification for KPN Blue Sky is Mixed Special Type - II.

Which office handles property registration for KPN Blue Sky?

The Thiruporur Sub Registrar Office handles property registration for KPN Blue Sky, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the stamp duty calculated for properties in KPN Blue Sky?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,614 per sq.ft, the total guideline value would be Rs 16,14,000.