Guideline Value for K.V.L. GARDEN

K.V.L. Garden guideline value

The current guideline value of K.V.L. Garden, located in Perumpakkam village, is Rs 770 per sq.ft, effective from 1 July 2024. This property falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of K.V.L. Garden has changed

The guideline value for K.V.L. Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then revised to Rs 469 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the latest revision in 2024 has set it at Rs 770 per sq.ft. Notably, the register has no figure for this street for the years 2002, 2003, and 2007.

Between the revisions, there have been significant changes. The value increased by 49% from 2017 to 2023, followed by a 10% increase from 2023 to 2024. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perumpakkam

In Perumpakkam, there are 17 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 680 to Rs 1,650 per sq.ft. The median value is Rs 770 per sq.ft, and K.V.L. Garden's 2024 figure aligns with this median.

• Kohinur Avenue: Rs 770 per sq.ft (2024)
• K.K. Nagar: Rs 680 per sq.ft (2024)
• J.J. Nagar: Rs 770 per sq.ft (2024)
• Javahar Nagar: Rs 1,650 per sq.ft (2024)
• Golden Avenue: Rs 1,650 per sq.ft (2024)
• B.V.Anandam Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in K.V.L. Garden

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.V.L. Garden?

The Sub Registrar Office that covers K.V.L. Garden is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Perumpakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property sale.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of K.V.L. Garden?

The current guideline value of K.V.L. Garden is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the registration office for K.V.L. Garden?

The registration office for K.V.L. Garden is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for property in K.V.L. Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 53,900.

What are the guideline values of other streets in Perumpakkam?

Other streets in Perumpakkam have varying guideline values, with rates ranging from Rs 680 to Rs 1,650 per sq.ft. For instance, Kohinur Avenue and J.J. Nagar both have a guideline value of Rs 770 per sq.ft in 2024.