Guideline Value for KKR CITY

Kkr City guideline value

The current guideline value of Kkr City is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Mambakkam village under the Salavakkam Sub Registrar Office (SRO), classified as Residential Class II Type - I.

How the guideline value of Kkr City has changed

The guideline value for Kkr City has undergone several revisions over the years. In 2012, the value was set at Rs 50 per sq.ft, which then increased to Rs 33 per sq.ft in 2017. Following this, the value rose significantly to Rs 100 per sq.ft in both the 2023 and 2024 revisions, reflecting a total increase of 203% from the 2017 revision.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision shows an increase of 100%.

Guideline values in 104. Mambakkam

Currently, there are no specific guideline values available for other streets in 104. Mambakkam under the Salavakkam SRO. The only guideline value mentioned is for Kkr City.

Stamp duty and registration fee for property in Kkr City

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees together to Rs 9,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kkr City?

The Sub Registrar Office that covers Kkr City is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 104. Mambakkam

The guideline value plays a crucial role during the registration of property transactions in 104. Mambakkam. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions adhere to the established rates set by the Registration Department.

Buyers and sellers should be aware that the guideline value serves as a baseline for determining the costs associated with property registration. It is essential to refer to the latest guideline values to understand the financial implications of any property transaction.

Frequently asked questions

What is the current guideline value of Kkr City?

The current guideline value of Kkr City is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2012 to Rs 100 per sq.ft in 2023 and 2024, with significant increases noted in the revisions from 2017 and 2023.

What are the stamp duty and registration fees for property in Kkr City?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 9,000.

Which office handles property registration for Kkr City?

The Salavakkam Sub Registrar Office handles property registration for Kkr City, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

What is the land classification for Kkr City?

Kkr City is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.