Guideline Value for Kilburn Nagar Roads ( Ward No.11 )

Kilburn Nagar Roads ( Ward No.11 ) guideline value

The current guideline value for Kilburn Nagar Roads (Ward No.11) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kilburn Nagar Roads ( Ward No.11 ) has changed

The guideline value for Kilburn Nagar Roads has undergone several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and most recently, it rose to Rs 1,600 per sq.ft in 2024, marking a 7% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, the guideline value has increased by 7% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, which is equal to the 2024 figure for Kilburn Nagar Roads.

• Kilbarns Nagar Extension: Rs 1,600 per sq.ft (2024)
• Kilburn Nagar (Ward-11): Rs 1,600 per sq.ft (2024)
• Kilbarns Nagar: Rs 1,600 per sq.ft (2024)
• KGL Nagar (Ward-30): Rs 1,300 per sq.ft (2024)
• Kittu Thottam (Ward-7): Rs 1,300 per sq.ft (2024)
• Kesava Perumal Avenue, Sarathy Nagar (Ward-26): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kilburn Nagar Roads ( Ward No.11 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. 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 Kilburn Nagar Roads ( Ward No.11 )?

The Sub Registrar Office covering Kilburn Nagar Roads (Ward No.11) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process is transparent and standardized.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Kilburn Nagar Roads ( Ward No.11 )?

The current guideline value for Kilburn Nagar Roads (Ward No.11) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Kilburn Nagar Roads?

Kilburn Nagar Roads is classified as Residential Class II Type - I as per the guidelines.

Where can I find the Sub Registrar Office for Kilburn Nagar Roads?

The Sub Registrar Office for Kilburn Nagar Roads is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How do stamp duty and registration fees work in Madhavaram?

Stamp duty and registration fees in Madhavaram are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the fees reflect the true value of the property being registered.