Guideline Value for KKN GARDEN

Kkn Garden guideline value

The current guideline value of Kkn Garden, located in Panchetty village under the Redhills SRO, is Rs 670 per sq.ft. This value is effective from 1 July 2024 and falls under the Commercial Class I Type - II land classification.

How the guideline value of Kkn Garden has changed

The guideline value for Kkn Garden has remained consistent across several revisions. The 2017 revision recorded a guideline value of Rs 670 per sq.ft, which was unchanged in the 2023 revision. The most recent 2024 revision also confirms the guideline value at Rs 670 per sq.ft.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the overall change from 2017 to 2024 shows a consistent guideline value with no increase during this period.

Guideline values in Panchetty

Panchetty village features a range of guideline values across its 46 streets under the Redhills SRO, with values varying from Rs 300 to Rs 1,600 per sq.ft. The median guideline value in this area is Rs 1,000 per sq.ft, placing Kkn Garden's 2024 figure below this median.

• Kalaignar Nagar 2nd Street: Rs 1,000 per sq.ft (2024)
• Kalaignar Nagar 1st Street: Rs 1,000 per sq.ft (2024)
• Mariyamman Koil Street: Rs 1,000 per sq.ft (2024)
• Jayam Nagar: Rs 800 per sq.ft (2024)
• Mettu Street: Rs 1,000 per sq.ft (2024)
• Gnt Road: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kkn Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 670 per sq.ft, the total guideline value amounts to Rs 6,70,000. The stamp duty at 7% would be Rs 46,900, and the registration fee at 2% would be Rs 13,400, making the total fees together Rs 60,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information on calculating fees.

Which Sub Registrar Office covers Kkn Garden?

Kkn Garden falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Panchetty. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to assess the applicable fees, ensuring that the correct amounts are paid to the authorities. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kkn Garden?

The current guideline value of Kkn Garden is Rs 670 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kkn Garden has remained unchanged at Rs 670 per sq.ft since 2017, with no revisions recorded for the years 2002, 2003, 2007, and 2012.

What is the land classification for Kkn Garden?

Kkn Garden is classified as Commercial Class I Type - II under the current land classification system.

What are the stamp duty and registration fees for property in Kkn Garden?

For a plot of 1,000 sq.ft at the guideline value of Rs 670 per sq.ft, the total guideline value is Rs 6,70,000. The stamp duty would be Rs 46,900, and the registration fee would be Rs 13,400, totaling Rs 60,300.

Which Sub Registrar Office covers Kkn Garden?

Kkn Garden is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.