Guideline Value for A.P.S. GARDEN

A.P.S. Garden guideline value

The current guideline value of A.P.S. Garden is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Kovur village under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of A.P.S. Garden has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This value was reduced to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, reflecting a rise of 49%. The current 2024 revision sees this value further increasing to Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for A.P.S. Garden. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kovur

Kovur village has 91 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, which is the same as the current value for A.P.S. Garden.

• Arumugam Nagar: Rs 1,650 per sq.ft (2024)
• Annammal Nagar: Rs 1,650 per sq.ft (2024)
• Ane Avenue: Rs 2,300 per sq.ft (2024)
• Balaji Nagar: Rs 1,430 per sq.ft (2024)
• Balakrishna Nagar: Rs 1,430 per sq.ft (2024)
• Balamurugan Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in A.P.S. Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers A.P.S. Garden?

The A.P.S. Garden area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kovur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is documented at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should always refer to the latest guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of A.P.S. Garden?

The current guideline value of A.P.S. Garden is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 1,500 per sq.ft in 2012, Rs 1,005 per sq.ft in 2017, Rs 1,500 per sq.ft in 2023, and currently Rs 1,650 per sq.ft in 2024.

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

Other streets in Kovur with similar guideline values include Arumugam Nagar and Annammal Nagar, both at Rs 1,650 per sq.ft for 2024.

What fees are associated with buying property in A.P.S. Garden?

When buying property in A.P.S. Garden, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,48,500.

Where can I find the Sub Registrar Office for A.P.S. Garden?

The Sub Registrar Office covering A.P.S. Garden is the Kunrathur SRO, located at No.59, Road Street, Kundrathur, Chennai -600 069.