Guideline Value for K P DAFFODILS

K P Daffodils guideline value

The current guideline value of K P Daffodils in Madurabakkam village is Rs 2,700 per sq.ft, effective from 1 July 2024. This property falls under the Selaiyur SRO and is classified as Residential Class II Type - II.

How the guideline value of K P Daffodils has changed

The guideline value for K P Daffodils has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, an increase of 10% from the 2023 figure of Rs 2,463 per sq.ft. Prior to these revisions, the register has no figures for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the 2023 revision was Rs 2,463 per sq.ft, reflecting a consistent increase in the guideline value. The changes from 2023 to 2024 indicate a significant adjustment, aligning with the overall trends in the area.

Guideline values in Madurabakkam

In Madurabakkam, there are 23 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 2,700 per sq.ft. The median guideline value in this village is Rs 1,600 per sq.ft, placing K P Daffodils above this median.

• Kavya Nagar: Rs 1,600 per sq.ft (2024)
• Kaviya Nagar: Rs 1,600 per sq.ft (2024)
• Kamatchi Nagr: Rs 1,300 per sq.ft (2024)
• Madurapakkam Main Road: Rs 2,200 per sq.ft (2024)
• Green Castle Avenue: Rs 1,600 per sq.ft (2024)
• Panchayat Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in K P Daffodils

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the guideline value totals Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K P Daffodils?

The K P Daffodils property is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property in Madurabakkam. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must be aware of this value to ensure compliance with local regulations during property transactions.

When a property is sold, the guideline value serves as a benchmark for determining the sale price. If the sale price exceeds the guideline value, the stamp duty will be calculated based on the higher amount, ensuring that all transactions are fairly assessed according to the established guidelines.

Frequently asked questions

What is the current guideline value of K P Daffodils?

The current guideline value of K P Daffodils is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,463 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for K P Daffodils?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,43,000. This includes a stamp duty of Rs 1,89,000 and a registration fee of Rs 54,000.

Which Sub Registrar Office covers K P Daffodils?

K P Daffodils is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for K P Daffodils?

K P Daffodils is classified as Residential Class II Type - II, indicating its use for residential purposes within the local zoning regulations.