Guideline Value for KKR Garden 10th Cross Street (Ward 18)

KKR Garden 10th Cross Street (Ward 18) guideline value

The current guideline value of KKR Garden 10th Cross Street (Ward 18) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of KKR Garden 10th Cross Street (Ward 18) has changed

The guideline value for KKR Garden 10th Cross Street has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 1,500 per sq.ft. This was followed by a decrease in 2017 to Rs 1,340 per sq.ft, marking an 11% drop. The value then increased significantly to Rs 2,000 per sq.ft in 2023, a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 47%.

Guideline values in Madhavaram

The guideline values for properties in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of KKR Garden 10th Cross Street is above this median, indicating a higher valuation in comparison to many other streets in the area.

• KKR Garden 1st St Main Road (Ward 18): Rs 2,200 per sq.ft (2024)
• KKR Garden 2nd St Main Road (Ward 18): Rs 2,200 per sq.ft (2024)
• K.K.R.Garden 2nd st ( Ward No.18): Rs 2,200 per sq.ft (2024)
• KKR Garden 3rd St Main Road (Ward 18): Rs 2,200 per sq.ft (2024)
• KKR Garden 4th St Main Road (Ward 18): Rs 2,200 per sq.ft (2024)
• KKR Garden 5th Cross Street (Ward 18): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in KKR Garden 10th Cross Street (Ward 18)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these charges would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers KKR Garden 10th Cross Street (Ward 18)?

The Sub Registrar Office that covers KKR Garden 10th Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process for property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps in maintaining transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of KKR Garden 10th Cross Street?

The current guideline value of KKR Garden 10th Cross Street (Ward 18) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 47% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations in KKR Garden 10th Cross Street?

The Madhavaram Sub Registrar Office handles property registrations for KKR Garden 10th Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for KKR Garden 10th Cross Street?

KKR Garden 10th Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.