Guideline Value for K.C. Garden South Street

K.C. Garden South Street guideline value

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

The guideline value for K.C. Garden South Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,000 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2012 revision, reflecting a 150% rise. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, marking a decline of 33%. The value then surged to Rs 2,500 per sq.ft in the 2023 revision, followed by an increase to Rs 2,700 per sq.ft in the 2024 revision, which is an 8% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 170%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

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 guideline value is Rs 3,301 per sq.ft, indicating that K.C. Garden South Street's 2024 figure is below this median.

• K.C. Garden North Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden West Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden East Street: Rs 2,700 per sq.ft (2024)
• K.C. Garden 6th 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 South 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, while the registration fee at 2% would be Rs 54,000, bringing the total cost for stamp duty and registration fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

K.C. Garden South Street falls under the jurisdiction of 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 in the registration process when buying or selling property in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the authorities.

When a property transaction occurs, the guideline value helps in assessing the fair value of the property. It is essential for buyers and sellers to be aware of this value as it directly impacts the financial obligations during the registration of the property.

Frequently asked questions

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

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

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

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

What is the stamp duty rate for properties in K.C. Garden South Street?

The stamp duty rate for properties in K.C. Garden South Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for K.C. Garden South Street?

The Sub Registrar Office covering K.C. Garden South Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.