Guideline Value for KPS Nagar

KPS Nagar guideline value

The current guideline value of KPS Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Pennaloor village, under the jurisdiction of the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of KPS Nagar has changed

The guideline value for KPS Nagar has seen several revisions over the years. In 2007, the value was Rs 125 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, this value remained unchanged in the subsequent revision of 2017, where it was Rs 268 per sq.ft. The most recent revisions in 2023 and 2024 both set the guideline value at Rs 400 per sq.ft, indicating no change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 220%. Notably, the change from 2012 to 2017 saw a decrease of 33%, while the jump from 2017 to 2023 was an increase of 49%. The years 2002 and 2003 have no figures listed for KPS Nagar in the register.

Guideline values in Pennaloor

Pennaloor village has 35 streets under the Sriperumpudur SRO, with guideline values for 2024 ranging from Rs 100 to Rs 1,200 per sq.ft. The median value for these streets is Rs 200 per sq.ft, making KPS Nagar's 2024 guideline value above the median.

• Kulakkarai Street: Rs 100 per sq.ft (2024)
• Kundrathur Avenue: Rs 400 per sq.ft (2024)
• K.A.Anna Nagar Ph.-II: Rs 500 per sq.ft (2024)
• K.A.Anna Nagar: Rs 400 per sq.ft (2024)
• M.G.R Nagar: Rs 100 per sq.ft (2024)
• MGR street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in KPS Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that 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 details.

Which Sub Registrar Office covers KPS Nagar?

KPS Nagar falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value serves as a benchmark for calculating these fees, ensuring that the transaction is recorded accurately according to the prevailing rates set by the registration department.

Frequently asked questions

What is the current guideline value of KPS Nagar?

The current guideline value of KPS Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and has remained at Rs 400 per sq.ft in 2023 and 2024.

What is the median guideline value in Pennaloor?

The median guideline value in Pennaloor is Rs 200 per sq.ft for 2024, with KPS Nagar's value being above this median.

What are the stamp duty and registration fees for KPS Nagar?

For a 1,000 sq.ft plot valued at Rs 400 per sq.ft, the total stamp duty and registration fees would amount to Rs 36,000, based on the guideline value.

Which office handles registrations for KPS Nagar?

The Sriperumpudur Sub Registrar Office handles registrations for KPS Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.