Guideline Value for Kings Land

Kings Land guideline value

The current guideline value of Kings Land in Mevaloorkuppam B village is Rs 700 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sriperumpudur SRO and is classified as Residential Special Type - II.

How the guideline value of Kings Land has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged at Rs 700 per sq.ft during the 2023 revision and continues to hold the same value in the 2024 revision, indicating a 49% increase from the 2017 figure to the current rate. The register has no figure for this street in the years 2002, 2003, 2007, and 2012.

Between the 2023 and 2024 revisions, there was no change in the guideline value, remaining at Rs 700 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Kings Land is above this median.

• kingsland Extension: Rs 700 per sq.ft (2024)
• K G Flats: Rs 1,320 per sq.ft (2024)
• Karthik Nagar: Rs 500 per sq.ft (2024)
• Kulakkarai Street: Rs 700 per sq.ft (2024)
• Kulanthaivelu Nagar: Rs 100 per sq.ft (2024)
• Kannadapalayam Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Kings Land

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total charges together Rs 63,000. 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 Kings Land?

The Kings Land property 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 Mevaloorkuppam B

The guideline value is a crucial factor during the registration of property transactions in Mevaloorkuppam B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the Registration Department.

When buying or selling property, the guideline value helps to determine the official value of the property, which is essential for legal documentation. It is important for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kings Land?

The current guideline value of Kings Land is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for Kings Land?

For a 1,000 sq.ft plot at the guideline value of Rs 700 per sq.ft, the total guideline value is Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000.

Which Sub Registrar Office is responsible for Kings Land?

The Sriperumpudur Sub Registrar Office covers Kings Land, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification of Kings Land?

Kings Land is classified as Residential Special Type - II, indicating its designation for residential purposes under the Tamil Nadu land classification system.