Guideline Value for KCC Garden

KCC Garden guideline value

The current guideline value of KCC Garden in Ayappakkam village is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the Ambattur SRO and is classified as Commercial Class I Type - I.

How the guideline value of KCC Garden has changed

The guideline value for KCC Garden has seen significant changes over the years. In the 2017 revision, the value was Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has raised the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, placing KCC Garden's 2024 figure above that median.

• K.C.Daga Nagar: Rs 1,700 per sq.ft (2024)
• K.C.Daga Nagar Extn - I: Rs 1,700 per sq.ft (2024)
• K C Daga Nagar Extn - II: Rs 2,700 per sq.ft (2024)
• Kaveri street(Sivasakthi nagar): Rs 1,600 per sq.ft (2024)
• Kaveri Cross Street(sivasakthi nagar): Rs 1,600 per sq.ft (2024)
• kasilingam Cross Street (Iyappan nagar etxn.): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in KCC Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost together to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KCC Garden?

The KCC Garden property falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ayappakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which is necessary for legal documentation and financial transactions. This value is particularly significant for calculating fees associated with the registration process.

Frequently asked questions

What is the current guideline value of KCC Garden?

The current guideline value of KCC Garden is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking a total increase of 64% over these years.

What is the land classification of KCC Garden?

KCC Garden is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for KCC Garden?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for KCC Garden?

The registration for KCC Garden is handled by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.