Guideline Value for KAVARAI STREET WARD-4

Kavarai Street Ward-4 guideline value

The current guideline value of Kavarai Street Ward-4 is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village under the Chengleput Joint II SRO, and it falls under the Mixed Type - II land classification.

How the guideline value of Kavarai Street Ward-4 has changed

The guideline value for Kavarai Street Ward-4 has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then decreased to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,800 per sq.ft in 2023 and finally rose to Rs 1,980 per sq.ft in 2024. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Kavarai Street Ward-4's 2024 figure is below this median.

• Kavarai Street Ward- 2: Rs 1,980 per sq.ft (2024)
• Kathan Street: Rs 1,980 per sq.ft (2024)
• Kesavanar Street: Rs 1,980 per sq.ft (2024)
• Kolunthuyamman Kovil Street: Rs 3,850 per sq.ft (2024)
• Karimedu: Rs 1,100 per sq.ft (2024)
• Kancheepuram High Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kavarai Street Ward-4

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, together totaling Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kavarai Street Ward-4?

The Sub Registrar Office that covers Kavarai Street Ward-4 is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Chengalpattu Natham. It serves as a benchmark for determining the official value of the property, which is used for calculating stamp duty and registration fees at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring that the government receives the appropriate fees. This process is essential for maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Kavarai Street Ward-4?

The current guideline value of Kavarai Street Ward-4 is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Kavarai Street Ward-4?

Kavarai Street Ward-4 is classified as Mixed Type - II land, which indicates a blend of residential and commercial usage.

Where can I find the registration office for Kavarai Street Ward-4?

The registration office for Kavarai Street Ward-4 is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kavarai Street Ward-4?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at a rate of 7%.