Guideline Value for P.S.K. Nagar

P.S.K. Nagar guideline value

The current guideline value of P.S.K. Nagar, a village in Sevilimadu - A, is Rs 1,100 per sq.ft, effective from 1 July 2024. This property falls under the Kanchipuram Joint II SRO and is classified as Residential Class I Type - I.

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

The guideline value for P.S.K. Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value reach Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value for P.S.K. Nagar.

• Ramasamy Nagar: Rs 1,100 per sq.ft (2024)
• Pallavan Nagar: Rs 1,100 per sq.ft (2024)
• Sadasivam Nagar: Rs 1,100 per sq.ft (2024)
• Sambanthamoorthy Nagar: Rs 1,100 per sq.ft (2024)
• N S N Nagar: Rs 1,100 per sq.ft (2024)
• NGO Nagar: Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers P.S.K. Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

When buying or selling property in Sevilimadu - A, the guideline value is used as a basis for calculating stamp duty and registration fees. This value is essential for both buyers and sellers to understand the financial implications of property transactions.

The guideline value ensures that transactions are recorded accurately and that the appropriate taxes are collected by the government, providing transparency and standardization in property dealings.

Frequently asked questions

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

The current guideline value of P.S.K. Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees in P.S.K. Nagar?

For a property valued at Rs 11,00,000, the stamp duty is Rs 77,000 and the registration fee is Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in P.S.K. Nagar?

The Kanchipuram Joint II Sub Registrar Office handles property registrations in P.S.K. Nagar. It is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the significance of the guideline value?

The guideline value is significant as it is used to calculate the stamp duty and registration fees during property transactions. It provides a standardized measure for property valuation in the area.