Guideline Value for KALVIYALAYA GARDEN

Kalviyalaya Garden guideline value

The current guideline value of Kalviyalaya Garden, located in Palapoor village under the Chengleput Joint II SRO, is Rs 100 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Kalviyalaya Garden has changed

Over the years, the guideline value of Kalviyalaya Garden has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 100 per sq.ft. The 2017 revision marked a decrease to Rs 67 per sq.ft, reflecting a -33% change from the 2012 figure. The most significant change occurred between 2017 and 2023, where the value rose by 49% back to Rs 100 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 100 per sq.ft, showing no change from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Palapoor

Kalviyalaya Garden shares the same guideline value as other streets in Palapoor. The current guideline value for this street is Rs 100 per sq.ft. Below are the guideline values for other streets in Palapoor:

• Guru Garden: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Kalviyalaya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total fees together Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalviyalaya Garden?

The Sub Registrar Office that covers Kalviyalaya Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration process of property transactions in Palapoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the buyer must pay the stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Kalviyalaya Garden?

The current guideline value for Kalviyalaya Garden is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since 2012, except for a decrease to Rs 67 per sq.ft in 2017. It increased by 49% from 2017 to 2023 and has not changed from 2023 to 2024.

What are the stamp duty and registration fees for a property in Kalviyalaya Garden?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,00,000. The stamp duty is Rs 7,000, and the registration fee is Rs 2,000, totaling Rs 9,000.

Which Sub Registrar Office should I visit for transactions in Kalviyalaya Garden?

The Chengleput Joint II Sub Registrar Office covers Kalviyalaya Garden, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

Are there other streets with the same guideline value in Palapoor?

Yes, other streets in Palapoor, such as Guru Garden, also have a guideline value of Rs 100 per sq.ft as of 2024.