Guideline Value for K.C. Garden 2nd Street

K.C. Garden 2nd Street guideline value

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

How the guideline value of K.C. Garden 2nd Street has changed

The guideline value for K.C. Garden 2nd Street has undergone several revisions over the years. The earliest recorded value was Rs 1,000 per sq.ft in 2007. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 150% rise. However, the value then decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 2,500 per sq.ft in 2023, reflecting a 49% rise. The current revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, which is an 8% increase from the previous year.

There are no recorded figures for K.C. Garden 2nd Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 170%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. K.C. Garden 2nd Street's 2024 figure is below this median.

• K.C. Garden 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 1st Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 3rd Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 1st Cross 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 2nd 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 to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.C. Garden 2nd Street?

The K.C. Garden 2nd Street falls under 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 is a crucial factor in the registration process when buying or selling property in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property registration.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property transactions. Buyers and sellers should be aware of the current guideline value to understand the financial implications during the registration process.

Frequently asked questions

What is the current guideline value of K.C. Garden 2nd Street?

The current guideline value of K.C. Garden 2nd 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 seen several revisions, from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 170% over the years.

What is the median guideline value in Peravallur?

The median guideline value in Peravallur is Rs 3,301 per sq.ft, with K.C. Garden 2nd Street's 2024 figure being below this median.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.