Guideline Value for K G FLATS

K G Flats guideline value

The current guideline value of K G Flats in Mevaloorkuppam B village is Rs 1,320 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of K G Flats has changed

As per the revisions available, the guideline value for K G Flats has seen several changes over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase from Rs 1,200 per sq.ft in the 2023 revision, marking a change of +10%. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value for K G Flats was not recorded in the register. The 2024 figure of Rs 1,320 per sq.ft is above the median value of Rs 400 per sq.ft for the 84 streets in Mevaloorkuppam B under the Sriperumpudur SRO.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, the guideline values range from Rs 100 to Rs 6,200 per sq.ft as of the 2024 revision, with the median being Rs 400 per sq.ft. K G Flats is positioned above this median value.

• Kings Land: Rs 700 per sq.ft (2024)
• kingsland Extension: Rs 700 per sq.ft (2024)
• Karthik Nagar: Rs 500 per sq.ft (2024)
• Kulakkarai Street: Rs 700 per sq.ft (2024)
• Kulanthaivelu Nagar: Rs 100 per sq.ft (2024)
• Kannadapalayam Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in K G Flats

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 fees to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers K G Flats?

The K G Flats property is covered by the Sriperumpudur Sub Registrar Office located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Mevaloorkuppam B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of K G Flats?

The current guideline value of K G Flats 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 2023 to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the revisions prior to 2023.

What are the guideline values of other streets in Mevaloorkuppam B?

Other streets in Mevaloorkuppam B have varying guideline values, ranging from Rs 100 to Rs 700 per sq.ft. For instance, Kings Land and kingsland Extension are both valued at Rs 700 per sq.ft.

What fees are associated with buying property in K G Flats?

When purchasing property in K G Flats, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, these fees would total Rs 1,18,800.

Where can I find the Sub Registrar Office for K G Flats?

The Sub Registrar Office covering K G Flats is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information through the provided link.