Guideline Value for KKR city Annex

KKR city Annex guideline value

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

How the guideline value of KKR city Annex has changed

The guideline value for KKR city Annex has undergone several revisions over the years. The oldest recorded revision is from 2012, where the value was Rs 500 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 335 per sq.ft, marking a -33% change. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 500 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 500 per sq.ft, indicating stability in the valuation over this period.

Guideline values in Thodukadu

In Thodukadu, there are 24 streets under the Sriperumpudur SRO that carry 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, placing KKR city Annex above this median value.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, leading to a total of Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KKR city Annex?

The KKR city Annex is covered by 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 is a crucial factor in the registration process when buying or selling property in Thodukadu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is legally recognized and documented.

When a property is sold, the guideline value helps in determining the applicable taxes and fees, which are essential for the legal transfer of ownership. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of KKR city Annex?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since 2012, with a decrease to Rs 335 per sq.ft in 2017 and an increase back to Rs 500 per sq.ft in 2023. The 2024 revision also maintains this value.

What are the guideline values for other streets in Thodukadu?

Other streets in Thodukadu have varying guideline values, ranging from Rs 200 to Rs 1,250 per sq.ft. KKR city Annex is valued above the median of Rs 400 per sq.ft.

What are the stamp duty and registration fees for KKR city Annex?

The stamp duty for a property valued at Rs 5,00,000 would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are based on the guideline value.

Which office handles registrations for KKR city Annex?

The Sriperumpudur Sub Registrar Office handles registrations for KKR city Annex, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.