Guideline Value for K.K.R. MILLINIUM CITY

K.K.R. Millinium City guideline value

The current guideline value of K.K.R. Millinium City is Rs 879 per sq.ft, effective from 1 July 2024. This property is located in Periyakuppam village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Special Type - IV.

How the guideline value of K.K.R. Millinium City has changed

The guideline value for K.K.R. Millinium City has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following that, the value increased to Rs 800 per sq.ft in the 2023 revision, before reaching the current value of Rs 879 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

In terms of percentage changes, from 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for K.K.R. Millinium City is below this median.

• Kaviyarasu Street: Rs 1,100 per sq.ft (2024)
• Kavi Kalamegam Street: Rs 1,100 per sq.ft (2024)
• Kattapomman Street: Rs 550 per sq.ft (2024)
• Kattapomman Cross Street: Rs 550 per sq.ft (2024)
• Kumaran Street: Rs 1,100 per sq.ft (2024)
• Kamarajar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in K.K.R. Millinium City

For a 1,000 sq.ft plot at the current guideline value of Rs 879 per sq.ft, the total guideline value would be Rs 8,79,000. The stamp duty at 7% would amount to Rs 61,530, while the registration fee at 2% would be Rs 17,580. Together, these fees total Rs 79,110. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.R. Millinium City?

The Sub Registrar Office covering K.K.R. Millinium City is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Periyakuppam. It is used as a basis for calculating the stamp duty and registration fees that buyers must pay when registering a property. This ensures that the transaction is recorded accurately and complies with local regulations.

When selling a property, the guideline value can also influence the sale price. Buyers and sellers often consider the guideline value to determine a fair price for the property, ensuring that both parties are informed about the current market standards.

Frequently asked questions

What is the current guideline value of K.K.R. Millinium City?

The current guideline value of K.K.R. Millinium City is Rs 879 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 879 per sq.ft in 2024.

What is the land classification of K.K.R. Millinium City?

K.K.R. Millinium City is classified as Residential Special Type - IV.

What are the stamp duty and registration fees for a property in K.K.R. Millinium City?

For a property valued at Rs 8,79,000, the stamp duty would be Rs 61,530, and the registration fee would be Rs 17,580, totaling Rs 79,110.

Which Sub Registrar Office covers K.K.R. Millinium City?

The Tiruvallur Joint 1 Sub Registrar Office covers K.K.R. Millinium City, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.