Guideline Value for KBR FARMS -II

Kbr Farms -II guideline value

The current guideline value for Kbr Farms -II is Rs 201 per sq.ft, effective from 1 July 2024. This property is located in Chenneri village and falls under the Chengleput Joint II SRO. The land classification for this area is New House Site Type -II (Unapproved Lay-Out).

How the guideline value of Kbr Farms -II has changed

The guideline value for Kbr Farms -II has seen several revisions over the years. In 2012, the guideline value was set at Rs 200 per sq.ft. This value remained unchanged until 2017 when it decreased to Rs 134 per sq.ft, reflecting a drop of 33%. Subsequently, the value increased to Rs 200 per sq.ft in 2023, before rising again to Rs 201 per sq.ft in the 2024 revision, marking a 1% increase.

From 2017 to 2023, the guideline value experienced a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by just 1%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chenneri

While specific village figures are not provided, Kbr Farms -II shares its guideline value with other streets in Chenneri under the Chengleput Joint II SRO. Below are the guideline values for other streets in Chenneri:

• Kbr பார்ம்ஸ்: Rs 201 per sq.ft (2024)

Stamp duty and registration fee for property in Kbr Farms -II

For a 1,000 sq.ft plot at the current guideline value of Rs 201 per sq.ft, the total guideline value would be Rs 2,01,000. The stamp duty at 7% would amount to Rs 14,070, and the registration fee at 2% would be Rs 4,020, bringing the total fees to Rs 18,090. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kbr Farms -II?

The Kbr Farms -II area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Chenneri. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. This process helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Kbr Farms -II?

The current guideline value of Kbr Farms -II is Rs 201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023, and finally to Rs 201 per sq.ft in 2024.

What is the registration office for Kbr Farms -II?

The registration office for Kbr Farms -II is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 201 per sq.ft would incur a total fee of Rs 18,090.

Is there a calculator for stamp duty and registration fees?

Yes, there is a stamp duty and registration fee calculator available for users to estimate their fees based on the guideline value.