Guideline Value for KKR Garden 6th Cross Street (Ward 18)

KKR Garden 6th Cross Street (Ward 18) guideline value

The current guideline value of KKR Garden 6th 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 is classified as Residential Class I Type - I.

How the guideline value of KKR Garden 6th Cross Street (Ward 18) has changed

The guideline value for KKR Garden 6th Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,500 per sq.ft. This figure changed to Rs 1,340 per sq.ft in 2017, marking a decrease of 11%. However, from 2017 to 2023, the value saw a significant increase to Rs 2,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no recorded figures for KKR Garden 6th Cross Street in the revisions of 2002, 2003, and 2007. 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, with the 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value across these streets is Rs 1,600 per sq.ft, placing KKR Garden 6th Cross Street's 2024 figure above this median.

• KKR Garden 5th Cross Street (Ward 18): Rs 2,200 per sq.ft (2024)
• KKR Garden 7th Cross Street (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 8th Cross Street (Ward 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 9th Cross Street (Ward 18): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in KKR Garden 6th 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, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KKR Garden 6th Cross Street (Ward 18)?

The Sub Registrar Office that covers KKR Garden 6th Cross Street 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 plays a crucial role during the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that these fees are calculated based on a standardized value.

Frequently asked questions

What is the current guideline value of KKR Garden 6th Cross Street?

The current guideline value of KKR Garden 6th 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 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for KKR Garden 6th Cross Street?

KKR Garden 6th Cross Street is classified as Residential Class I Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in KKR Garden 6th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,54,000.