Guideline Value

Corporate

Guideline Value for K.K.R. Town 12th Street

₹2700/sq.ft.

The guideline value for K.k.r. Town 12th Street in Jampuli village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Jampuli

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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. Town 12th Street

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K.K.R. Town 12th Street guideline value

The current guideline value of K.K.R. Town 12th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Jampuli village under the Madhavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of K.K.R. Town 12th Street has changed

The guideline value for K.K.R. Town 12th Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. In 2023, the value increased to Rs 2,500 per sq.ft, and the most recent revision in 2024 has set the value at Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

From 2012 to 2017, there was a decrease of 16%, but from 2017 to 2023, the value rose significantly by 49%. Overall, the guideline value has increased by 35% from 2012 to 2024. The register for the years 2002, 2003, and 2007 has no figure for this street.

Guideline values in Jampuli

In Jampuli village, there are 118 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,450 per sq.ft, placing K.K.R. Town 12th Street's 2024 figure above this median.

Stamp duty and registration fee for property in K.K.R. Town 12th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to 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 cost for these fees to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.R. Town 12th Street?

The K.K.R. Town 12th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Jampuli. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these fees are based on a standardized valuation.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of K.K.R. Town 12th Street?

The current guideline value of K.K.R. Town 12th Street 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 2,000 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft property, the total fees would amount to Rs 2,43,000.

Which office handles the registration for K.K.R. Town 12th Street?

The Madhavaram Sub Registrar Office handles the registration for K.K.R. Town 12th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the guideline value determined for properties in Jampuli?

The guideline value is determined based on various factors and is revised periodically. It is used to establish the stamp duty and registration fees applicable during property transactions in Jampuli.