Guideline Value

Corporate

Guideline Value for K.K.R. Town 8th Street

₹2700/sq.ft.

The guideline value for K.k.r. Town 8th 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 8th Street

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K.K.R. Town 8th Street guideline value

The current guideline value of K.K.R. Town 8th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Jampuli village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of K.K.R. Town 8th Street has changed

The guideline value for K.K.R. Town 8th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, an increase of 8% from the 2023 figure of Rs 2,500 per sq.ft. Prior to that, in 2017, the value was Rs 1,675 per sq.ft, reflecting a significant increase of 49% over the six years until 2023. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 16% from the 2017 figure.

There are no figures available for the years 2002, 2003, and 2007 for K.K.R. Town 8th Street. Overall, from 2012 to 2024, the guideline value has increased by 35%.

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, with a median value of Rs 2,450 per sq.ft. The guideline value for K.K.R. Town 8th Street is above this median.

Stamp duty and registration fee for property in K.K.R. Town 8th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to 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. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.R. Town 8th Street?

The K.K.R. Town 8th Street falls under the jurisdiction of the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Jampuli, as it determines the minimum value on which stamp duty and registration fees are calculated. When a property is sold, the buyer must pay these fees based on the higher of the guideline value or the sale price.

Understanding the guideline value helps buyers and sellers navigate the registration process effectively, ensuring compliance with local regulations and accurate financial planning for property transactions.

Frequently asked questions

What is the current guideline value of K.K.R. Town 8th Street?

The current guideline value of K.K.R. Town 8th 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 2,700 per sq.ft in 2024, reflecting an overall increase of 35% during this period.

What are the stamp duty and registration fees for properties in K.K.R. Town 8th Street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for K.K.R. Town 8th Street?

The Madhavaram Sub Registrar Office handles registrations for K.K.R. Town 8th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for calculating stamp duty and registration fees during property transactions, ensuring compliance with local regulations.