Guideline Value for K.S.K. Garden

K.S.K. Garden guideline value

The current guideline value of K.S.K. Garden, located in Perungavur village under the Redhills SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of K.S.K. Garden has changed

The guideline value for K.S.K. Garden has seen several revisions over the years. Starting from Rs 11 per sq.ft in 2003, it increased significantly to Rs 100 per sq.ft in 2007. The value then rose to Rs 200 per sq.ft in 2012, followed by a decrease to Rs 134 per sq.ft in 2017. The most recent revisions saw the value increase to Rs 200 per sq.ft in 2023 and then to Rs 220 per sq.ft in 2024, reflecting a change of +10% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by +1900%. The register does not have a figure for the year 2002 for this street.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, where the median value is Rs 275 per sq.ft. The guideline value of K.S.K. Garden is below this median.

• Kulanthai Yesu Nagar Phase - I: Rs 275 per sq.ft (2024)
• Kulanthai Yesu Nagar Phase - II: Rs 275 per sq.ft (2024)
• Kumaran Nagar: Rs 275 per sq.ft (2024)
• Kuzhanthai Yesu Nagar: Rs 275 per sq.ft (2024)
• M.M. Modern City: Rs 385 per sq.ft (2024)
• Modern Town: Rs 385 per sq.ft (2024)

Stamp duty and registration fee for property in K.S.K. Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.S.K. Garden?

The K.S.K. Garden area is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perungavur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the government receives the necessary revenue from property transactions. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of K.S.K. Garden?

The current guideline value of K.S.K. Garden is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11 per sq.ft in 2003 to Rs 220 per sq.ft in 2024, reflecting an overall increase of +1900% over this period.

What is the registration office for K.S.K. Garden?

The registration office for K.S.K. Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the stamp duty and registration fees for property in K.S.K. Garden?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 220 per sq.ft, the total fees would amount to Rs 19,800.

How is the guideline value determined for properties in Perungavur?

The guideline value for properties in Perungavur is determined by the Registration Department's guideline value register, which is revised periodically to reflect market conditions.