Guideline Value for KPN NAGAR

Kpn Nagar guideline value

The current guideline value of Kpn Nagar, located in Karanaipuducheri village, is Rs 1,100 per sq.ft, effective from the 2024 revision. This area falls under the Gooduvancheri SRO and is classified as Mixed Special Type - III.

How the guideline value of Kpn Nagar has changed

Since the 2002 revision, there have been several updates to the guideline value for Kpn Nagar, but the register has no figure for this street in the years 2002, 2003, 2007, and 2012. The guideline value was set at Rs 1,100 per sq.ft in the 2017 revision, which remained unchanged in the 2023 revision, and continues to hold steady at Rs 1,100 per sq.ft in the 2024 revision, reflecting a consistent value over these years.

Overall, from 2017 to 2024, there has been no change in the guideline value, with a 0% increase from 2023 to 2024 and also from 2017 to 2023. This consistency indicates stability in the valuation of Kpn Nagar.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, positioning Kpn Nagar's 2024 figure above this median.

• K.P.N Platinum City: Rs 1,200 per sq.ft (2024)
• Kpn Grand: Rs 1,500 per sq.ft (2024)
• Kpn Avenue: Rs 1,100 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 Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kpn Nagar?

Kpn 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 is a crucial factor during the registration of property transactions in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in this area.

When a buyer or seller engages in a property transaction, the guideline value is referenced to ensure that the appropriate fees are calculated based on the established rates. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Kpn Nagar?

The current guideline value of Kpn Nagar is Rs 1,100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Kpn Nagar has remained consistent at Rs 1,100 per sq.ft from the 2017 revision through to the 2024 revision, with no changes recorded in the intervening years.

What are the guideline values for other streets in Karanaipuducheri?

Other streets in Karanaipuducheri have varying guideline values, ranging from Rs 400 to Rs 2,239 per sq.ft, with Kpn Nagar's value being above the median of Rs 802 per sq.ft.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

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