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Guideline Value

Corporate

Guideline Value for K.K.R. Town West Street

₹2700/sq.ft.

The guideline value for K.k.r. Town West 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 West Street

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K.K.R. Town West Street guideline value

The current guideline value of K.K.R. Town West Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street 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 Street has changed

The guideline value for K.K.R. Town West Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and it further rose to Rs 2,700 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the increase was 49%, while from 2023 to 2024, the change was an 8% rise. Overall, comparing the 2012 value to the 2024 value, there has been a 35% increase.

Guideline values in Jampuli

In Jampuli, 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 in this area is Rs 2,450 per sq.ft, making K.K.R. Town West Street's 2024 figure above that median.

Stamp duty and registration fee for property in K.K.R. Town West 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, charged at 7%, would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.R. Town West Street?

The K.K.R. Town West Street is covered by 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 plays a crucial role during property transactions in Jampuli. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. These fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

What is the registration office for K.K.R. Town West Street?

The registration office for K.K.R. Town West Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,700 per sq.ft would incur a total guideline value of Rs 27,00,000.

What are the guideline values of other streets in Jampuli?

Other streets in Jampuli, such as K.K.R. Town West Avenue Road, K.K.R. Town East Street, and others, also have a guideline value of Rs 2,700 per sq.ft for 2024, aligning with K.K.R. Town West Street.