Guideline Value for KAAVIYA GARDEN PH-1

Kaaviya Garden Ph-1 guideline value

The current guideline value of Kaaviya Garden Ph-1 is Rs 275 per sq.ft. This property is located in Vayallanallur_b village under the Poonamallee SRO and is classified as Residential Class I Type - II.

How the guideline value of Kaaviya Garden Ph-1 has changed

In the 2023 revision, the guideline value for Kaaviya Garden Ph-1 was Rs 250 per sq.ft. The latest revision in 2024 has increased this value to Rs 275 per sq.ft, marking a change of +10% from the previous year. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

The guideline value has seen a consistent increase in recent years, with the most notable change occurring from 2023 to 2024. The current value of Rs 275 per sq.ft is below the median guideline value of Rs 1,640 per sq.ft for the 27 streets in Vayallanallur_b under the Poonamallee SRO.

Guideline values in Vayallanallur_b

In Vayallanallur_b, the guideline values for various streets range from Rs 220 to Rs 3,100 per sq.ft, with the median being Rs 1,640 per sq.ft. Kaaviya Garden Ph-1's 2024 figure of Rs 275 per sq.ft is below this median.

• Kamachi Amman Nagar: Rs 750 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 750 per sq.ft (2024)
• Kaviya Garden: Rs 220 per sq.ft (2024)
• M.S.Garden Nalleeswarar Nagar Phase -II: Rs 660 per sq.ft (2024)
• Muktha Meenakshi Sundaram Nagar: Rs 750 per sq.ft (2024)
• Muktha Samruddhi Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Kaaviya Garden Ph-1

For a 1,000 sq.ft plot at the current rate of Rs 275 per sq.ft, the guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, totaling Rs 24,750. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaaviya Garden Ph-1?

The Sub Registrar Office that covers Kaaviya Garden Ph-1 is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Vayallanallur_b. It establishes a baseline for the value of the property, which is used to calculate applicable fees such as stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the property's worth according to government assessments. This helps in maintaining transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Kaaviya Garden Ph-1?

The current guideline value of Kaaviya Garden Ph-1 is Rs 275 per sq.ft as per the 2024 revision.

How much has the guideline value changed recently?

The guideline value changed from Rs 250 per sq.ft in 2023 to Rs 275 per sq.ft in 2024, reflecting a +10% increase.

What is the median guideline value for streets in Vayallanallur_b?

The median guideline value for the 27 streets in Vayallanallur_b is Rs 1,640 per sq.ft, which is higher than the current value of Kaaviya Garden Ph-1.

What fees are associated with buying property in Kaaviya Garden Ph-1?

When buying property in Kaaviya Garden Ph-1, you will incur a stamp duty of 7% on the guideline value and a registration fee of 2%.

Where can I find the Sub Registrar Office for Kaaviya Garden Ph-1?

The Sub Registrar Office for Kaaviya Garden Ph-1 is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.