Guideline Value

Corporate

Guideline Value for K.K.R. GARDEN

₹1930/sq.ft.

The guideline value for K.k.r. Garden in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 1930 per sq.ft, effective 1 July 2024. It was Rs 1750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1930 /sq.ft.
From 1-4-2023 ₹1750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1172 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹362 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹315 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on K.k.r. Garden

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K.K.R. Garden guideline value

The current guideline value of K.K.R. Garden, located in Karambakkam village, is Rs 1,930 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of K.K.R. Garden has changed

The guideline value of K.K.R. Garden has seen several revisions over the years. In 2002, the value was Rs 315 per sq.ft, which increased to Rs 362 per sq.ft in 2003. Following this, there was a significant rise to Rs 800 per sq.ft in 2007, and then a further increase to Rs 1,750 per sq.ft in 2012. However, the value decreased to Rs 1,172 per sq.ft in 2017. The most recent revisions show an increase to Rs 1,750 per sq.ft in 2023, followed by the current rate of Rs 1,930 per sq.ft in 2024.

Between the revisions, the changes were as follows: from 2002 to 2003, the value increased by 15%; from 2003 to 2007, it rose by 121%; from 2007 to 2012, it increased by 119%; then it decreased by 33% from 2012 to 2017. After that, there was a 49% increase from 2017 to 2023, and finally, a 10% rise from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 513%.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value is Rs 1,930 per sq.ft, which is equal to the current guideline value for K.K.R. Garden. Below are other streets in Karambakkam:

Stamp duty and registration fee for property in K.K.R. Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,930 per sq.ft, the total guideline value amounts to Rs 19,30,000. The stamp duty at 7% would be Rs 1,35,100, and the registration fee at 2% would be Rs 38,600, making the total cost for these fees Rs 1,73,700. 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers K.K.R. Garden?

The K.K.R. Garden area is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Karambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value.

Additionally, the guideline value is important for both buyers and sellers as it provides a reference point for property valuation. It helps in understanding the market dynamics and ensures compliance with legal requirements during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of K.K.R. Garden?

The current guideline value of K.K.R. Garden is Rs 1,930 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 315 per sq.ft in 2002 to Rs 1,930 per sq.ft in 2024, reflecting an overall increase of 513% over this period.

What is the stamp duty for property in K.K.R. Garden?

The stamp duty for property in K.K.R. Garden is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in K.K.R. Garden?

The Chennai South Joint I Sub Registrar Office handles property registrations in K.K.R. Garden, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How can I calculate the registration fees for a property in K.K.R. Garden?

You can calculate the registration fees for a property in K.K.R. Garden by using the guideline value and applying the relevant stamp duty and registration fee percentages. A stamp duty and registration fee calculator is available for this purpose.