Guideline Value for K.K.R.Nagar

K.K.R.Nagar guideline value

The current guideline value of K.K.R.Nagar, located in Madhavaram village under the Madhavaram SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of K.K.R.Nagar has changed

The guideline value register for K.K.R.Nagar shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,200 per sq.ft.

Since there are no figures available for the previous revisions, it can be stated that there have been no changes in the guideline value for K.K.R.Nagar between the revisions listed above.

Guideline values in Madhavaram

The guideline values for 1,946 streets in Madhavaram under the Madhavaram SRO range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for K.K.R.Nagar is above this median.

• K.K.R.Nagar Extn. ( Ward No.18 ): Rs 2,200 per sq.ft (2024)
• K.K.R.Garden ( Ward No.18 ): Rs 2,200 per sq.ft (2024)
• KKR Nagar (Ward-18): Rs 2,200 per sq.ft (2024)
• KKR Garden 9th Cross Street (Ward 18): Rs 2,200 per sq.ft (2024)
• K.K.R.Nagar ( Ward No.18 ): Rs 2,200 per sq.ft (2024)
• KKR Garden 8th Cross Street (Ward 18): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in K.K.R.Nagar

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, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.R.Nagar?

The K.K.R.Nagar area is covered by 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 Madhavaram

The guideline value is an important factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the sale or purchase of property.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of K.K.R.Nagar?

The current guideline value of K.K.R.Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures for K.K.R.Nagar in the revisions for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

What are the guideline values for other streets in Madhavaram?

The guideline values for other streets in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft. K.K.R.Nagar's guideline value is above the median of Rs 1,600 per sq.ft.

What fees are associated with buying property in K.K.R.Nagar?

When buying property in K.K.R.Nagar, the buyer must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for K.K.R.Nagar?

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