Guideline Value for KING MAKERS

King Makers guideline value

The current guideline value of King Makers in Vallapakkam village is Rs 300 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad SRO and is classified as Residential Class I Type - I.

How the guideline value of King Makers has changed

The guideline value for King Makers has seen several revisions over the years. In 2012, the value was set at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 300 per sq.ft. The 2024 revision maintained this figure with no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 300 per sq.ft.

Guideline values in Vallapakkam

In Vallapakkam, there are seven streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the current value for King Makers.

• M.G Nagar: Rs 400 per sq.ft (2024)
• Golden Nagar: Rs 400 per sq.ft (2024)
• Shree Vari Nagar: Rs 300 per sq.ft (2024)
• Sri Abirami Nagar: Rs 300 per sq.ft (2024)
• Sss Nagar: Rs 300 per sq.ft (2024)
• Thirumalai Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in King Makers

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty charged at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is essential 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 accurate calculations.

Which Sub Registrar Office covers King Makers?

The King Makers area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial reference point when registering property transactions in Vallapakkam. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the costs associated with the registration process. Understanding these values can help ensure a smoother transaction experience.

Frequently asked questions

What is the current guideline value of King Makers?

The current guideline value of King Makers is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent change maintaining the value at Rs 300 per sq.ft since 2023. The value was previously Rs 201 per sq.ft in 2017.

Are there any years with no guideline value for King Makers?

Yes, the register has no figures for the years 2002, 2003, and 2007 for King Makers.

What are the stamp duty and registration fees for King Makers?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000.

Which office handles registrations for King Makers?

The Walajabad Sub Registrar Office handles registrations for King Makers, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.