Guideline Value for K.C. Garden East Street

K.C. Garden East Street guideline value

The current guideline value of K.C. Garden East 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. The land classification for this area is Residential Class I Type - I.

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

The guideline value for K.C. Garden East Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline 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, there was a decrease 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 another increase to Rs 2,700 per sq.ft in 2024, reflecting an 8% rise.

There are no recorded figures for K.C. Garden East 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 have 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 East Street's guideline value of Rs 2,700 per sq.ft is below this median.

• K.C. Garden 6th Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden North Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 6th Cross Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden South Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 5th Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden West Street: Rs 2,700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.C. Garden East Street?

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

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

The guideline value is a crucial factor during property registration in Peravallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the transaction.

When buying or selling property, the guideline value must be considered for calculating the applicable stamp duty and registration fees. This ensures that both the buyer and seller adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

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

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

How much 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, representing an overall increase of 170% over the years.

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

K.C. Garden East Street is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles registrations for properties in the area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,700 per sq.ft, the total fees would amount to Rs 2,43,000.