Guideline Value for KKR City

KKR City guideline value

The current guideline value of KKR City, located in Thodukadu village under the Sriperumpudur SRO, is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of KKR City has changed

Over the years, the guideline value for KKR City has undergone several revisions. The 2007 revision set the value at Rs 500 per sq.ft, which remained unchanged in the subsequent revisions of 2012 and 2023. The 2017 revision saw a significant increase to Rs 335 per sq.ft, marking a 49% rise from the previous figure. However, the 2024 revision returned to Rs 500 per sq.ft, showing no change from the 2023 figure.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has remained at Rs 500 per sq.ft, indicating stability in this period.

Guideline values in Thodukadu

In Thodukadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,250 per sq.ft, with a median value of Rs 400 per sq.ft. KKR City’s 2024 figure of Rs 500 per sq.ft is above this median.

• KKR city Annex: Rs 500 per sq.ft (2024)
• Kkr Eldorado: Rs 750 per sq.ft (2024)
• KKR Garden: Rs 500 per sq.ft (2024)
• KKE Nagar: Rs 300 per sq.ft (2024)
• Madha koil street: Rs 200 per sq.ft (2024)
• Maxis Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in KKR City

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KKR City?

The KKR City area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Thodukadu. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is legally compliant and properly documented.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Understanding these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of KKR City?

The current guideline value of KKR City is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since 2007, with a notable increase to Rs 335 per sq.ft in 2017, followed by a return to Rs 500 per sq.ft in 2024.

What are the other streets in Thodukadu and their guideline values?

Other streets in Thodukadu have varying guideline values, ranging from Rs 200 to Rs 750 per sq.ft. KKR City’s value is above the median of Rs 400 per sq.ft.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Where is the Sub Registrar Office for KKR City located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.