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Guideline Value

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Guideline Value for K.K.R. Town West Avenue Road

₹2700/sq.ft.

The guideline value for K.k.r. Town West Avenue Road 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 West Avenue Road

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K.K.R. Town West Avenue Road guideline value

The current guideline value of K.K.R. Town West Avenue Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This road is located in Jampuli village and falls under the Madhavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of K.K.R. Town West Avenue Road has changed

The guideline value for K.K.R. Town West Avenue Road has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft. This increased to Rs 1,675 per sq.ft in 2017. Following this, the value rose significantly to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Examining the changes, the guideline value increased by 49% from 2017 to 2023. However, there was a decrease of 16% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 35%. The register has no figures for the years 2002, 2003, and 2007 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, making K.K.R. Town West Avenue Road's 2024 figure above that median.

Stamp duty and registration fee for property in K.K.R. Town West Avenue Road

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 fees to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.R. Town West Avenue Road?

The K.K.R. Town West Avenue Road falls under the jurisdiction of the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration process of property transactions in Jampuli. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value helps in calculating the applicable taxes. Buyers should be aware that the stamp duty and registration fees are based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of K.K.R. Town West Avenue Road?

The current guideline value of K.K.R. Town West Avenue Road 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 to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for K.K.R. Town West Avenue Road?

The land classification for K.K.R. Town West Avenue Road is Residential Class I Type - I.

Where can I find the Sub Registrar Office for K.K.R. Town West Avenue Road?

The Madhavaram Sub Registrar Office covers K.K.R. Town West Avenue Road and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property registration, influencing the stamp duty and registration fees. It ensures that the government receives appropriate revenue based on either the guideline value or the sale price, whichever is higher.