Guideline Value for Kagapujanthkar Nagar

Kagapujanthkar Nagar guideline value

The current guideline value of Kagapujanthkar Nagar is Rs 2,640 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kagapujanthkar Nagar has changed

The guideline value of Kagapujanthkar Nagar has seen significant changes over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased dramatically to Rs 2,400 per sq.ft in 2012, marking a rise of 700%. However, it then decreased to Rs 1,608 per sq.ft in 2017, a decline of 33%. The value further increased to Rs 2,400 per sq.ft in 2023, followed by a rise to Rs 2,640 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 780%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, the guideline values range from Rs 1,320 to Rs 5,500 per sq.ft as of 2024, with a median value of Rs 2,310 per sq.ft. The guideline value of Kagapujanthkar Nagar is above this median.

• Kailash Avenue: Rs 2,300 per sq.ft (2024)
• Kailash Avenue and Extn: Rs 2,310 per sq.ft (2024)
• Kaja Hayath Nagar: Rs 2,970 per sq.ft (2024)
• Kakkanji Street: Rs 1,980 per sq.ft (2024)
• Kaanaan Avenue: Rs 3,960 per sq.ft (2024)
• Kalaignar Salai: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kagapujanthkar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,640 per sq.ft, the guideline value would be Rs 26,40,000. The stamp duty at 7% would amount to Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total to Rs 2,37,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kagapujanthkar Nagar?

The Sub Registrar Office that covers Kagapujanthkar Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Perungalathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kagapujanthkar Nagar?

The current guideline value of Kagapujanthkar Nagar is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 300 per sq.ft in 2007 to Rs 2,640 per sq.ft in 2024, which is an overall increase of 780%.

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

For a property valued at Rs 26,40,000, the stamp duty would be Rs 1,84,800 and the registration fee would be Rs 52,800, totaling Rs 2,37,600.

Which Sub Registrar Office covers Kagapujanthkar Nagar?

The Padappai Sub Registrar Office covers Kagapujanthkar Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification for Kagapujanthkar Nagar?

Kagapujanthkar Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.