Guideline Value for K.S.S.SUN CITY

K.S.S.Sun City guideline value

The current guideline value for K.S.S.Sun City is Rs 440 per sq.ft, effective from 1 July 2024. This property is located in Korattur-A village under the Avadi Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of K.S.S.Sun City has changed

The guideline value for K.S.S.Sun City has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 440 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 400 per sq.ft. Prior to these revisions, the register has no figure for this street from the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024. The previous revisions do not provide any figures for K.S.S.Sun City, indicating that the guideline value was not established for this street during those years.

Guideline values in Korattur-A

In Korattur-A, there are 10 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 220 to Rs 2,050 per sq.ft. The median guideline value for these streets is Rs 1,025 per sq.ft, placing K.S.S.Sun City below this median.

• Sri Vari Garden: Rs 440 per sq.ft (2024)
• Srivari Nagar: Rs 220 per sq.ft (2024)
• Sri Vari Nagar Phase I: Rs 440 per sq.ft (2024)
• Vijay Raja Homes Pvt Ltd: Rs 550 per sq.ft (2024)
• Amber County By Urban Tree: Rs 1,500 per sq.ft (2024)
• Avni - 1/2b, 5/2, 9/1a, 9/1b, 9/2a, 9/2b, 10/1a: Rs 2,050 per sq.ft (2024)

Stamp duty and registration fee for property in K.S.S.Sun City

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers K.S.S.Sun City?

K.S.S.Sun City falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Korattur-A

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Korattur-A, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is documented accurately.

It is crucial for buyers and sellers to be aware of the current guideline value, as it can impact the overall costs associated with property registration. Understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of K.S.S.Sun City?

The current guideline value of K.S.S.Sun City is Rs 440 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by 10% from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024.

What is the land classification for K.S.S.Sun City?

K.S.S.Sun City is classified as Residential Special Type - II.

Where can I find the registration office for K.S.S.Sun City?

The registration office for K.S.S.Sun City is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in K.S.S.Sun City?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 30,800.