Guideline Value for KPN GRAND

Kpn Grand guideline value

The current guideline value of Kpn Grand is Rs 1,500 per sq.ft, effective from 1 July 2024. This property is located in Karanaipuducheri village under the Gooduvancheri SRO, classified as Mixed Type - II land.

How the guideline value of Kpn Grand has changed

The guideline value for Kpn Grand has seen several revisions over the years. The most recent revision in 2024 maintains the rate at Rs 1,500 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 1,005 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and the same percentage increase from 2017 to 2024.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Therefore, the only revisions with recorded figures are from 2017, 2023, and the current 2024 revision, which shows no change in the guideline value between 2023 and 2024.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that have 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. The guideline value for Kpn Grand is above this median.

• Kpn Avenue: Rs 1,100 per sq.ft (2024)
• Kpn Nagar: Rs 1,100 per sq.ft (2024)
• K.P.N Platinum City: Rs 1,200 per sq.ft (2024)
• Krishna Nagar: Rs 1,200 per sq.ft (2024)
• Krishna Nagar Extension: Rs 700 per sq.ft (2024)
• K.K.R Nagar Phase - II: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kpn Grand

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kpn Grand?

The Kpn Grand property 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Karanaipuducheri. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction. This ensures that the government receives the appropriate revenue based on the property value.

When buying or selling a property, the guideline value also serves as a benchmark for assessing the property's worth. It helps ensure that the transaction is recorded accurately and fairly in the public registry.

Frequently asked questions

What is the current guideline value of Kpn Grand?

The current guideline value of Kpn Grand is Rs 1,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 1,005 per sq.ft in 2017 to the current value in 2024.

What is the land classification of Kpn Grand?

Kpn Grand is classified as Mixed Type - II land, which indicates the type of development permitted in the area.

What are the stamp duty and registration fees for purchasing property in Kpn Grand?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,35,000.

Which office handles the registration for Kpn Grand?

The registration for Kpn Grand is handled by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.