Guideline Value for Keerthana Nagar

Keerthana Nagar guideline value

The current guideline value of Keerthana Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Erivakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Keerthana Nagar has changed

Looking at the historical revisions, the guideline value for Keerthana Nagar has seen several changes over the years. In 2007, the value was Rs 150 per sq.ft, which increased to Rs 300 per sq.ft in 2012. However, there was a decline to Rs 201 per sq.ft in 2017. The most recent revisions show that the value remained at Rs 300 per sq.ft in both 2023 and 2024, indicating no change from the previous year.

In summary, from 2017 to 2023, there was an increase of 49%, while from 2012 to 2017, the value decreased by 33%. Overall, from 2007 to 2024, the guideline value has increased by 100%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Erivakkam

In Erivakkam, there are 19 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Keerthana Nagar is below this median.

• K.K.R. Nagar: Rs 400 per sq.ft (2024)
• K.K.R Nagar Annex-II: Rs 300 per sq.ft (2024)
• Kousalya Nagar Phase III: Rs 700 per sq.ft (2024)
• Kowsalya Nagar: Rs 400 per sq.ft (2024)
• Kowsalya Nagar Phase-I: Rs 400 per sq.ft (2024)
• Krishna Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Keerthana Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. 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 Keerthana Nagar?

The Sub Registrar Office that covers Keerthana Nagar is 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 information.

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

The guideline value is a crucial factor when registering a property in Erivakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value to avoid discrepancies during the registration process. It serves as a benchmark for transactions, helping to maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Keerthana Nagar?

The current guideline value of Keerthana Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and remained at Rs 300 per sq.ft in 2023 and 2024.

What is the land classification of Keerthana Nagar?

Keerthana Nagar is classified as Residential Special Type - I.

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.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.