Guideline Value for THIRU K.R. NAGAR

Thiru K.R. Nagar guideline value

The current guideline value of Thiru K.R. Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Minjur village under the Ponneri SRO and is classified as Residential Class III Type - I.

How the guideline value of Thiru K.R. Nagar has changed

The guideline value for Thiru K.R. Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that there are no figures available for this street in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft, with a median value of Rs 550 per sq.ft. Thiru K.R. Nagar's 2024 figure is below this median.

• Thirumalai Nagar: Rs 880 per sq.ft (2024)
• Theradi Street: Rs 1,320 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 880 per sq.ft (2024)
• Thiruvottiyur High Road: Rs 1,320 per sq.ft (2024)
• Thiruvudaiyamman Nagar: Rs 550 per sq.ft (2024)
• Surya Nagar Extension: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru K.R. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total charges Rs 39,600. Please note that 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 Thiru K.R. Nagar?

The Thiru K.R. Nagar area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of properties in Minjur. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is considered along with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiru K.R. Nagar?

The current guideline value of Thiru K.R. Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 268 per sq.ft to Rs 440 per sq.ft in 2024.

What is the land classification of Thiru K.R. Nagar?

Thiru K.R. Nagar is classified as Residential Class III Type - I.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Thiru K.R. Nagar?

Stamp duty is calculated based on the higher of the guideline value and the sale price. For example, for a property valued at Rs 4,40,000, the stamp duty at 7% would be Rs 30,800.