Guideline Value for K.C. Garden 1st Street

K.C. Garden 1st Street guideline value

The current guideline value of K.C. Garden 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village and falls under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of K.C. Garden 1st Street has changed

The guideline value for K.C. Garden 1st Street has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 1,000 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 1,675 per sq.ft in 2017, reflecting a 33% drop. The value surged again to Rs 2,500 per sq.ft in 2023, and finally reached Rs 2,700 per sq.ft in 2024, which is an 8% increase from the previous year.

There are no recorded figures for K.C. Garden 1st Street in the revisions of 2002 and 2003. From 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, it has risen by 170%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a guideline value for 2024, ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,301 per sq.ft, making the guideline value of K.C. Garden 1st Street lower than the median.

• K.C. Garden 1st Cross Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 2nd Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 3rd Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 4th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in K.C. Garden 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these charges to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.C. Garden 1st Street?

K.C. Garden 1st Street is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Peravallur. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of K.C. Garden 1st Street?

The current guideline value of K.C. Garden 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, showing an overall increase of 170% over this period.

What are the stamp duty and registration fees for property in K.C. Garden 1st Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000 based on the current guideline value.

Which Sub Registrar Office covers K.C. Garden 1st Street?

The Sembiam Sub Registrar Office covers K.C. Garden 1st Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the median guideline value for streets in Peravallur?

The median guideline value for streets in Peravallur is Rs 3,301 per sq.ft, which is higher than the current guideline value of K.C. Garden 1st Street.