Guideline Value for KPS NAGAR

Kps Nagar guideline value

The current guideline value of Kps Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024. This area is located in Kannampalayam village under the Kunrathur SRO, classified as Residential Class II Type - III.

How the guideline value of Kps Nagar has changed

The guideline value for Kps Nagar has seen significant changes over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased dramatically to Rs 2,100 per sq.ft in 2023, marking a 292% rise from the 2017 figure. The most recent revision in 2024 has further increased the guideline value to Rs 2,310 per sq.ft, a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 189%.

Guideline values in Kannampalayam

Kannampalayam village has 75 streets under the Kunrathur SRO, with 2024 guideline values ranging from Rs 765 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Kps Nagar's 2024 figure above this median.

• Lakshmi Nagar: Rs 880 per sq.ft (2024)
• Karpaga Vinayagar Nagar: Rs 990 per sq.ft (2024)
• Lakshmi Town: Rs 2,310 per sq.ft (2024)
• Lingam Nagar: Rs 3,300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 1,320 per sq.ft (2024)
• Mahalakshmi Nagar Phase-I: Rs 3,080 per sq.ft (2024)

Stamp duty and registration fee for property in Kps Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total fees to Rs 2,07,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kps Nagar?

Kps Nagar falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kannampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Kps Nagar?

The current guideline value of Kps Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 800 per sq.ft in 2012 to Rs 2,310 per sq.ft in 2024, reflecting an overall increase of 189% over this period.

What is the registration office for Kps Nagar?

The registration office for Kps Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated in Kps Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 23,10,000 would incur a stamp duty of Rs 1,61,700.

Where can I find more information about guideline values in Kannampalayam?

More information about guideline values in Kannampalayam can be found on the Registration Department's guideline value register (TNReginet).