Guideline Value for P.K.S. NAGAR

P.K.S. Nagar guideline value

The current guideline value of P.K.S. Nagar in Kannampalayam village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Kunrathur SRO and is classified as Mixed Special Type - II.

How the guideline value of P.K.S. Nagar has changed

The guideline value for P.K.S. Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,200 per sq.ft. This figure then decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, which is a rise of 49%. The most recent revision in 2024 has set the value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Kannampalayam

Kannampalayam village has 75 streets under the Kunrathur SRO, with 2024 guideline values ranging from Rs 765 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, which means that P.K.S. Nagar's 2024 figure is below that median.

• Perumal Koil Street: Rs 765 per sq.ft (2024)
• Radha Krishna Garden: Rs 935 per sq.ft (2024)
• Radhakrishnan Nagar: Rs 935 per sq.ft (2024)
• Rajammal Nagar: Rs 935 per sq.ft (2024)
• N.S.R. Nagar: Rs 765 per sq.ft (2024)
• R.A. Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in P.K.S. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers P.K.S. Nagar?

P.K.S. Nagar is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kannampalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value helps ensure that the transaction is recorded accurately and transparently. Buyers and sellers need to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of P.K.S. Nagar?

The current guideline value of P.K.S. Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the registration office for P.K.S. Nagar?

The registration office for P.K.S. Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty rates for properties in P.K.S. Nagar?

The stamp duty rate for properties in P.K.S. Nagar is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the stamp duty and registration fees that must be paid when registering a property. It ensures that transactions are recorded accurately and fairly.