Guideline Value for Kilakkumadaveethi Extension

Kilakkumadaveethi Extension guideline value

The current guideline value of Kilakkumadaveethi Extension in Konnur village is Rs 5,500 per sq.ft, effective from 1 July 2024. This area falls under the Konnur SRO and is classified as Residential Class I Type - I.

How the guideline value of Kilakkumadaveethi Extension has changed

The guideline value for Kilakkumadaveethi Extension has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a 400% rise. However, the value dropped to Rs 3,350 per sq.ft in 2017, reflecting a decrease of 33%. The subsequent revision in 2023 raised the value to Rs 5,000 per sq.ft, followed by the latest revision in 2024, which established the current guideline value at Rs 5,500 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, placing Kilakkumadaveethi Extension's 2024 figure above that median.

• Kilakkumadaveethi: Rs 5,500 per sq.ft (2024)
• Kilakku Kolathur Main Road - I (Railway Gate to Muslim Burial Ground): Rs 5,500 per sq.ft (2024)
• Kilakku Kolathur Main Road - II (Muslim Burial Ground to Mogambigai Koil): Rs 5,500 per sq.ft (2024)
• K.K. Nagar: Rs 3,800 per sq.ft (2024)
• Kattabomman Street: Rs 3,800 per sq.ft (2024)
• Kathuvan Kuttai (Valluvar Nagar): Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kilakkumadaveethi Extension

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kilakkumadaveethi Extension?

The Kilakkumadaveethi Extension falls under the jurisdiction of the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Konnur. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately calculate the associated costs.

When registering a property, the guideline value is used to assess the applicable stamp duty and registration fees. This ensures that the transaction is recorded at a value that reflects the current market conditions as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Kilakkumadaveethi Extension?

The current guideline value of Kilakkumadaveethi Extension is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024. The value has seen increases and decreases through various revisions, with the most recent revision reflecting a 10% increase from the previous year.

What are the other streets in Konnur with similar guideline values?

Other streets in Konnur with a guideline value of Rs 5,500 per sq.ft include Kilakku Kolathur Main Road - I and Kilakku Kolathur Main Road - II. These streets share the same current guideline value as Kilakkumadaveethi Extension.

What are the stamp duty and registration fees for properties in Kilakkumadaveethi Extension?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can also find more information online.