Guideline Value for K.V.G.SQUARE

K.V.G.Square guideline value

The current guideline value of K.V.G.Square in Sholavaram village is Rs 710 per sq.ft, effective from 1 July 2024. This property falls under the Residential Special Type - III land classification and is registered with the Redhills SRO.

How the guideline value of K.V.G.Square has changed

The guideline value for K.V.G.Square has remained consistent since the 2017 revision, with the figures recorded as follows: Rs 710 per sq.ft for the 2017 revision, Rs 710 per sq.ft for the 2023 revision, and Rs 710 per sq.ft for the 2024 revision. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Between the revisions, there have been no percentage changes. Specifically, the transition from 2023 to 2024 shows a change of +0%, as does the transition from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has also seen no change, remaining at Rs 710 per sq.ft.

Guideline values in Sholavaram

In Sholavaram, there are 98 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 515 to Rs 3,500 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value for K.V.G.Square is above this median.

• K.V.G. Avenue Extension: Rs 515 per sq.ft (2024)
• K.V.G.Avenue: Rs 770 per sq.ft (2024)
• K.V.T. Avenue: Rs 770 per sq.ft (2024)
• K.V.T. AVENUE Extn: Rs 770 per sq.ft (2024)
• Lakshmi Nagar: Rs 550 per sq.ft (2024)
• KUMARAN NAGAR PART VI Extn (SRIDHAR AVENUE): Rs 1,165 per sq.ft (2024)

Stamp duty and registration fee for property in K.V.G.Square

For a 1,000 sq.ft plot at the current guideline value of Rs 710 per sq.ft, the total guideline value amounts to Rs 7,10,000. The stamp duty at 7% would be Rs 49,700, and the registration fee at 2% would be Rs 14,200, resulting in a total of Rs 63,900. 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.V.G.Square?

The K.V.G.Square property 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Sholavaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of K.V.G.Square?

The current guideline value of K.V.G.Square is Rs 710 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for K.V.G.Square has remained constant at Rs 710 per sq.ft since 2017, with no changes recorded between the revisions from 2017 to 2024.

Which Sub Registrar Office covers K.V.G.Square?

The Redhills Sub Registrar Office covers K.V.G.Square, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the stamp duty and registration fees for K.V.G.Square?

For a 1,000 sq.ft plot at the guideline value of Rs 710 per sq.ft, the total guideline value is Rs 7,10,000. The stamp duty is Rs 49,700, and the registration fee is Rs 14,200, totaling Rs 63,900.

What is the land classification for K.V.G.Square?

K.V.G.Square is classified as Residential Special Type - III, which is important for understanding the property's usage and potential development options.