Guideline Value for K.C. Garden North Street

K.C. Garden North Street guideline value

The current guideline value of K.C. Garden North 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 North Street has changed

The guideline value for K.C. Garden North Street has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012, marking a significant rise of 150%. However, this 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, followed by another rise to the current value of Rs 2,700 per sq.ft in 2024, an increase of 8%.

There are no figures available for the revisions in 2002 and 2003 for K.C. Garden North Street. 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 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 North Street's 2024 figure below this median.

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

Stamp duty and registration fee for property in K.C. Garden North 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 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 use our stamp duty and registration fee calculator for more details.

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

K.C. Garden North 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 is crucial during the registration process when buying or selling property in Peravallur. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the current market standards set by the Registration Department.

When a buyer or seller approaches the Sembiam SRO for registration, the guideline value helps determine the official value of the property, which is essential for legal and financial documentation.

Frequently asked questions

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

The current guideline value of K.C. Garden North 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 significantly, starting from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, which is an overall increase of 170%.

What are the other streets in Peravallur with the same guideline value?

Other streets in Peravallur with the same 2024 guideline value of Rs 2,700 per sq.ft include K.C. Garden East Street, K.C. Garden South Street, K.C. Garden 6th Street, K.C. Garden West Street, K.C. Garden 6th Cross Street, and K.C. Garden 5th Street.

How is the stamp duty calculated for properties in K.C. Garden North Street?

The stamp duty for properties in K.C. Garden North Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. You can also find your SRO online.