Guideline Value for K.C. Garden 3rd Street

K.C. Garden 3rd Street guideline value

The current guideline value of K.C. Garden 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of K.C. Garden 3rd Street has changed

The guideline value for K.C. Garden 3rd Street has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which 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, a drop of 33%. The value saw a substantial increase to Rs 2,500 per sq.ft in 2023, followed by an 8% rise to the current value of Rs 2,700 per sq.ft in 2024.

From 2017 to 2023, the guideline value rose by 49%. Overall, from 2007 to 2024, the increase amounts to 170%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Peravallur

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

• K.C. Garden 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 4th Cross Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 2nd Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 4th Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 5th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in K.C. Garden 3rd 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, making the total cost for these fees 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.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.C. Garden 3rd Street?

The K.C. Garden 3rd 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 plays a crucial role in property transactions in Peravallur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. This ensures that the transaction is recorded accurately and legally.

When a property is sold, the guideline value helps in establishing a baseline for the sale price. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of K.C. Garden 3rd Street?

The current guideline value of K.C. Garden 3rd 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, reflecting an overall increase of 170% over this period.

What is the land classification for K.C. Garden 3rd Street?

K.C. Garden 3rd Street is classified as Residential Class I Type - I.

Where can I find the Sembiam Sub Registrar Office?

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

How is the stamp duty calculated for property in K.C. Garden 3rd Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,89,000.