Guideline Value for Kengu Nagar

Kengu Nagar guideline value

The current guideline value of Kengu Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Allappakkam village and falls under the Chengleput Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kengu Nagar has changed

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 600 per sq.ft. The 2024 revision has maintained this value, resulting in no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for Kengu Nagar. Therefore, the only available revisions are from 2012, 2017, 2023, and 2024, with the current guideline value being Rs 600 per sq.ft since 2012.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. Kengu Nagar's 2024 figure is below this median.

• Kurinji Nagar: Rs 902 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,102 per sq.ft (2024)
• Malai Street: Rs 800 per sq.ft (2024)
• Mathina Nagar: Rs 1,102 per sq.ft (2024)
• Harigtan nagar: Rs 902 per sq.ft (2024)
• Mount N Clave @ Vidyarthi Nagar: Rs 902 per sq.ft (2024)

Stamp duty and registration fee for property in Kengu Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kengu Nagar?

Kengu Nagar is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Allappakkam. It serves as a benchmark for determining the stamp duty and registration fees that are payable at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at an official rate, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kengu Nagar?

The current guideline value of Kengu Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a notable drop to Rs 402 per sq.ft in 2017, followed by an increase back to Rs 600 per sq.ft in 2023. The 2024 revision has maintained this value.

What is the land classification for Kengu Nagar?

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

What are the stamp duty and registration fees for properties in Kengu Nagar?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000, and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value.

Which office handles property registration for Kengu Nagar?

The Chengleput Joint I Sub Registrar Office handles property registration for Kengu Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.