Guideline Value for KKR Supreme City

KKR Supreme City guideline value

The current guideline value of KKR Supreme City, located in Santhavellur_C village under the Sunguvarchattram SRO, is Rs 2,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Industries Type - I.

How the guideline value of KKR Supreme City has changed

The guideline value for KKR Supreme City has undergone several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which remained unchanged in the 2023 revision. The 2024 revision has maintained this value at Rs 2,000 per sq.ft, reflecting a 49% increase from the 2017 revision.

From 2023 to 2024, there has been no change in the guideline value, remaining at Rs 2,000 per sq.ft. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO with a 2024 guideline value range from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 350 per sq.ft. KKR Supreme City's 2024 figure is 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)
• Kamarajar Street: Rs 200 per sq.ft (2024)
• Lucky Land: Rs 300 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 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KKR Supreme City?

The KKR Supreme City is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property in Santhavellur_C. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the government’s assessment of the property’s worth, which helps in maintaining transparency in real estate transactions.

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 has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2024, reflecting a 49% increase overall. There was no change from 2023 to 2024.

What is the land classification for KKR Supreme City?

The land classification for KKR Supreme City is Industries Type - I, indicating its suitability for industrial purposes.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,80,000.

Which office handles registrations for KKR Supreme City?

The Sunguvarchattram Sub Registrar Office handles registrations for KKR Supreme City, located on Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu.