Guideline Value for K R GARDEN

K R Garden guideline value

The current guideline value of K R Garden, located in Kayirambedu village under the Chengleput Joint II SRO, is Rs 700 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - II.

How the guideline value of K R Garden has changed

Looking at the historical guideline values, the most recent revision in 2024 set the value at Rs 700 per sq.ft, which remains unchanged from the 2023 revision. Prior to this, the 2017 revision listed the value at Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also had a value of Rs 700 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 700 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 and 2017 revisions show the fluctuations in the guideline value, with the 2012 figure being Rs 700 per sq.ft and the 2017 figure being Rs 469 per sq.ft, before it increased again in the subsequent revisions.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is equal to the 2024 figure for K R Garden.

• K.R.C Nagar: Rs 700 per sq.ft (2024)
• Kasiamman Nagar: Rs 700 per sq.ft (2024)
• Lumina: Rs 1,001 per sq.ft (2024)
• Madhavi Nagar: Rs 700 per sq.ft (2024)
• Mahanathi Nagar: Rs 700 per sq.ft (2024)
• Jubilee Residences: Rs 2,389 per sq.ft (2024)

Stamp duty and registration fee for property in K R Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers K R Garden?

The K R Garden area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can visit this find your SRO link.

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

The guideline value is a crucial factor during property registration in Kayirambedu. It is used to determine the applicable stamp duty and registration fees when a property is bought or sold. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with local regulations. This value helps in establishing a clear understanding of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of K R Garden?

The current guideline value of K R Garden is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2012 revision to the 2024 revision, the guideline value has remained Rs 700 per sq.ft. However, it increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the land classification for K R Garden?

K R Garden is classified as Residential Special Type - II, which indicates its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details through the provided link.

How is the stamp duty calculated for properties in K R Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000.