Guideline Value for KURAL NAGAR

Kural Nagar guideline value

The current guideline value of Kural Nagar, located in Kannivakkam village under the Thiruporur SRO, is Rs 603 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class V Type - II.

How the guideline value of Kural Nagar has changed

Over the years, the guideline value for Kural Nagar has remained consistent at Rs 603 per sq.ft. The 2017 revision set the value at Rs 603 per sq.ft, which was maintained in the subsequent revisions of 2023 and 2024, showing no percentage change between these years. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 603 per sq.ft. This indicates stability in the guideline value for Kural Nagar over the years, with an overall change of +0% from 2017 to 2024.

Guideline values in Kannivakkam

Kannivakkam village has a total of 32 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,389 per sq.ft. The median guideline value for these streets is Rs 1,050 per sq.ft, placing Kural Nagar's 2024 figure below the median.

• Lotus Avenue: Rs 1,200 per sq.ft (2024)
• New Town: Rs 1,100 per sq.ft (2024)
• Omega Town 1: Rs 1,000 per sq.ft (2024)
• Omega Town 2: Rs 1,000 per sq.ft (2024)
• Ge Swarnaboomi & Ge Swargaboomi: Rs 800 per sq.ft (2024)
• Ge Mahathi Avenue II: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Kural Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 603 per sq.ft, the total guideline value amounts to Rs 6,03,000. The stamp duty at 7% would be Rs 42,210, and the registration fee at 2% would be Rs 12,060, bringing the total fees to Rs 54,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kural Nagar?

Kural Nagar falls under the jurisdiction of 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 Kannivakkam

The guideline value is a critical factor during property registration in Kannivakkam. It is used to determine the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value serves as a baseline for calculating the applicable taxes. Buyers should be aware that the registration office will assess the higher of the guideline value or the sale price to determine the final fees.

Frequently asked questions

What is the current guideline value of Kural Nagar?

The current guideline value of Kural Nagar is Rs 603 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Kural Nagar has remained unchanged at Rs 603 per sq.ft since the 2017 revision. There have been no changes in the values for the revisions in 2023 and 2024.

What is the median guideline value in Kannivakkam?

The median guideline value for the streets in Kannivakkam is Rs 1,050 per sq.ft. Kural Nagar's current guideline value is below this median.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kural Nagar?

Stamp duty for properties in Kural Nagar is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 6,03,000 would incur a stamp duty of Rs 42,210 at 7%.