Guideline Value for KKR Supreme City

KKR Supreme City guideline value

The current guideline value of KKR Supreme City is Rs 2,000 per sq.ft, effective from 1 July 2024. This property is located in Santhavellur_B village, under the Sunguvarchattram SRO, 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. The earliest revision available is from 2017, where the guideline value was Rs 1,340 per sq.ft. In the subsequent revisions, the value increased to Rs 2,000 per sq.ft in both 2023 and 2024, indicating a significant increase of 49% from 2017 to 2023 and maintaining the same value from 2023 to 2024, which reflects a 0% change.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for KKR Supreme City. The consistent value of Rs 2,000 per sq.ft in the last two revisions suggests stability in the guideline value since 2023.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO with a guideline value for 2024 ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value in the village is Rs 400 per sq.ft, placing KKR Supreme City's 2024 figure above this median.

• Krishna Nagar: Rs 600 per sq.ft (2024)
• Kullakkarai Street: Rs 300 per sq.ft (2024)
• Kumaran Nagar: Rs 300 per sq.ft (2024)
• Kurukku Street: Rs 300 per sq.ft (2024)
• Kamarajar Street: Rs 200 per sq.ft (2024)
• Lucky Land: Rs 300 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 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, while the registration fee at 2% would be Rs 40,000, bringing the total cost for these fees to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Santhavellur_B, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on this guideline value.

When registering a property, the guideline value ensures that the transaction is recorded at a fair price, which helps in maintaining transparency in the real estate market. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of KKR Supreme City?

The current guideline value of KKR Supreme City is Rs 2,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,000 per sq.ft in 2023 and 2024, marking a total increase of 49%.

What are the registration fees for properties in KKR Supreme City?

The registration fees for properties in KKR Supreme City include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for KKR Supreme City?

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

What are the guideline values of other streets in Santhavellur_B?

Other streets in Santhavellur_B have varying guideline values, with Krishna Nagar at Rs 600 per sq.ft, Kullakkarai Street at Rs 300 per sq.ft, and Kamarajar Street at Rs 200 per sq.ft, among others.