Guideline Value for KKR Garden

KKR Garden guideline value

The current guideline value of KKR Garden, located in Thodukadu village under the Sriperumpudur SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of KKR Garden has changed

The guideline value for KKR Garden has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 190 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2012, marking a 163% rise. However, the value then dropped to Rs 335 per sq.ft in 2017, a decline of 33%. From 2017 to 2023, the value surged by 49%, bringing it back to Rs 500 per sq.ft, where it remained until the latest revision in 2024.

As of the 2024 revision, the guideline value is Rs 500 per sq.ft, reflecting no change from the 2023 revision. The overall increase from the 2007 revision to the 2024 revision stands at 163%.

Guideline values in Thodukadu

In Thodukadu village, there are 24 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,250 per sq.ft. The median value for these streets is Rs 400 per sq.ft, positioning KKR Garden's value above this median.

• Kkr Eldorado: Rs 750 per sq.ft (2024)
• KKR city Annex: Rs 500 per sq.ft (2024)
• KKR City: 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 Garden

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 together to Rs 45,000. It is important to note that 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?

The KKR Garden area falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Thodukadu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value is used to calculate applicable stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which is essential for tax purposes. It helps maintain transparency in property dealings and prevents undervaluation during registration.

Frequently asked questions

What is the current guideline value of KKR Garden?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 190 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and has remained at Rs 500 per sq.ft since 2023.

What are the guideline values of other streets in Thodukadu?

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

What fees are associated with buying property in KKR Garden?

When buying property in KKR Garden, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, on a 1,000 sq.ft plot, these fees would total Rs 45,000.

Where can I find the Sub Registrar Office for KKR Garden?

The Sub Registrar Office covering KKR Garden is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information about your SRO online.