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Guideline Value

Corporate

Guideline Value for KKR Garden 4th St Main Road (Ward 18)

₹2200/sq.ft.

The guideline value for Kkr Garden 4th St Main Road (ward 18) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kkr Garden 4th St Main Road (ward 18)

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KKR Garden 4th St Main Road (Ward 18) guideline value

The current guideline value of KKR Garden 4th St Main Road (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 4th St Main Road (Ward 18) has changed

The guideline value for KKR Garden 4th St Main Road has seen several revisions over the years. The earliest recorded figure is from 2012, when the guideline value was Rs 1,500 per sq.ft. This value decreased to Rs 1,340 per sq.ft in 2017, marking an 11% decline. However, from 2017 to 2023, the guideline value increased significantly to Rs 2,000 per sq.ft, which is a 49% rise. 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.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 47%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, positioning KKR Garden 4th St Main Road above this median value.

Stamp duty and registration fee for property in KKR Garden 4th St Main Road (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 amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers KKR Garden 4th St Main Road (Ward 18)?

The Sub Registrar Office that covers KKR Garden 4th St Main Road (Ward 18) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Madhavaram, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the official value set by the government.

During the registration process, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and complies with legal requirements.

Frequently asked questions

What is the current guideline value of KKR Garden 4th St Main Road?

The current guideline value of KKR Garden 4th St Main Road (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, showing an overall increase of 47% over this period.

What are the stamp duty rates for property in KKR Garden 4th St Main Road?

The stamp duty for property transactions in KKR Garden 4th St Main Road is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for KKR Garden 4th St Main Road?

The Madhavaram Sub Registrar Office is responsible for handling registrations for KKR Garden 4th St Main Road, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft, with KKR Garden 4th St Main Road's current value being above this median.