Guideline Value for KKR Supreme City

KKR Supreme City guideline value

The current guideline value of KKR Supreme City in Santhavellur village is Rs 2,002 per sq.ft, effective from 1 July 2024. This property falls under the Sunguvarchattram SRO and is classified as Industries Type - I.

How the guideline value of KKR Supreme City has changed

The guideline value for KKR Supreme City has seen several revisions over the years. In 2012, the value was Rs 2,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,340 per sq.ft. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and then slightly rose to Rs 2,002 per sq.ft in 2024, reflecting a 0% change from the previous year.

From 2017 to 2023, the increase was substantial at 49%. Overall, from 2012 to 2024, the guideline value has remained constant, showing no net change. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing KKR Supreme City above this median.

• Krishna Nagar: Rs 600 per sq.ft (2024)
• Kullakkarai Street: Rs 300 per sq.ft (2024)
• Kumaran Nagar: Rs 305 per sq.ft (2024)
• Kamarajar Street: Rs 200 per sq.ft (2024)
• Lucky Land: Rs 305 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in KKR Supreme City

For a 1,000 sq.ft plot at the current guideline value of Rs 2,002 per sq.ft, the total guideline value would be Rs 20,02,000. The stamp duty at 7% would amount to Rs 1,40,140, while the registration fee at 2% would be Rs 40,040. Together, the total cost for stamp duty and registration would be Rs 1,80,180. Duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KKR Supreme City?

The Sub Registrar Office that covers KKR Supreme City is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Santhavellur. It determines the minimum value at which a property can be registered, influencing the stamp duty and registration fees payable by the buyer.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions as determined by the authorities. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of KKR Supreme City?

The current guideline value of KKR Supreme City is Rs 2,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 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 2,002 per sq.ft in 2024.

What is the median guideline value in Santhavellur?

The median guideline value in Santhavellur is Rs 500 per sq.ft, with KKR Supreme City being above this median.

What are the stamp duty and registration fees for KKR Supreme City?

For a 1,000 sq.ft plot at Rs 2,002 per sq.ft, the total guideline value would be Rs 20,02,000, leading to a stamp duty of Rs 1,40,140 and a registration fee of Rs 40,040, totaling Rs 1,80,180.

Where is the Sub Registrar Office for KKR Supreme City located?

The Sub Registrar Office for KKR Supreme City is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.