Guideline Value for kingsland Extension

kingsland Extension guideline value

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

How the guideline value of kingsland Extension 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 in the 2023 revision and continues at the same rate in the 2024 revision, indicating a 49% increase from 2017 to 2023 and overall from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there was no change, with the guideline value remaining at Rs 700 per sq.ft. The overall change from the 2017 revision to the current 2024 revision is a significant increase of 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 kingsland Extension is above this median.

• Kings Land: 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 kingsland Extension

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value would be 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. 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 information.

Which Sub Registrar Office covers kingsland Extension?

The kingsland Extension area 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mevaloorkuppam B. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of kingsland Extension?

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

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 700 per sq.ft from the 2023 revision to the 2024 revision. There was a 49% increase from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for kingsland Extension?

kingsland Extension is classified as Residential Special Type - II under the current guidelines.

Where is the Sriperumpudur Sub Registrar Office located?

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

How is stamp duty calculated for properties in kingsland Extension?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000, leading to a stamp duty of Rs 49,000.