Guideline Value for K.K.R.Garden ( Ward No.18 )

K.K.R.Garden ( Ward No.18 ) guideline value

The current guideline value for K.K.R.Garden ( Ward No.18 ) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of K.K.R.Garden ( Ward No.18 ) has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 2,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. K.K.R.Garden ( Ward No.18 ) has a guideline value above this median.

• KKR Garden 9th Cross Street: Rs 2,200 per sq.ft (2024)
• KKR Garden 8th Cross Street: Rs 2,200 per sq.ft (2024)
• KKR Garden 7th Cross Street: Rs 2,200 per sq.ft (2024)
• K.K.R.Nagar: Rs 2,200 per sq.ft (2024)
• KKR Garden 6th Cross Street: Rs 2,200 per sq.ft (2024)
• KKR Garden 5th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in K.K.R.Garden ( Ward No.18 )

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, together totaling Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.R.Garden ( Ward No.18 )?

The Sub Registrar Office that covers K.K.R.Garden ( Ward No.18 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial figure used during the registration of property transactions in Madhavaram. It serves as a basis for calculating the stamp duty and registration fees that buyers need to pay when purchasing property.

When a property is sold, the guideline value helps determine the official value of the property for tax purposes. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of K.K.R.Garden ( Ward No.18 )?

The current guideline value of K.K.R.Garden ( Ward No.18 ) is Rs 2,200 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 2,200 per sq.ft in 2024, reflecting a 10% increase. There were no changes recorded for the years 2002, 2003, 2007, and 2017.

What is the land classification for K.K.R.Garden ( Ward No.18 )?

K.K.R.Garden ( Ward No.18 ) is classified as Residential Class I Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property in K.K.R.Garden ( Ward No.18 )?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers the area of K.K.R.Garden ( Ward No.18 )?

The Madhavaram Sub Registrar Office covers K.K.R.Garden ( Ward No.18 ). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.