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Guideline Value

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Guideline Value for K.K.R.Garden 2nd st ( Ward No.18 )

₹2200/sq.ft.

The guideline value for K.k.r.garden 2nd St ( Ward No.18 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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.garden 2nd St ( Ward No.18 )

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K.K.R.Garden 2nd st ( Ward No.18 ) guideline value

The current guideline value for K.K.R.Garden 2nd st ( Ward No.18 ) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street 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 2nd st ( Ward No.18 ) has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was revised to Rs 2,000 per sq.ft, and then in 2024, it increased by 10% to Rs 2,200 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 10%. This reflects the most recent changes in the guideline value for K.K.R.Garden 2nd st ( Ward No.18 ).

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of the 2024 revision. The median guideline value for these streets is Rs 1,600 per sq.ft, placing K.K.R.Garden 2nd st ( Ward No.18 ) above this median.

Stamp duty and registration fee for property in K.K.R.Garden 2nd st ( Ward No.18 )

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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.Garden 2nd st ( Ward No.18 )?

The K.K.R.Garden 2nd st ( Ward No.18 ) falls under 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 Madhavaram

The guideline value is a crucial factor in property transactions in Madhavaram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, the guideline value ensures that transactions are recorded accurately and transparently, helping to maintain the integrity of property dealings in the region.

Frequently asked questions

What is the current guideline value for K.K.R.Garden 2nd st ( Ward No.18 )?

The current guideline value for K.K.R.Garden 2nd st ( 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 overall. The value remained unchanged from 2012 to 2023, and there are no figures for the years 2002, 2003, 2007, and 2017.

What is the land classification for K.K.R.Garden 2nd st ( Ward No.18 )?

K.K.R.Garden 2nd st ( Ward No.18 ) is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

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

Which Sub Registrar Office serves K.K.R.Garden 2nd st ( Ward No.18 )?

The Madhavaram Sub Registrar Office serves K.K.R.Garden 2nd st ( Ward No.18 ) and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.