Guideline Value for KAVIN NAGAR

Kavin Nagar guideline value

The current guideline value of Kavin Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area is located in Ponmar village and falls under the Gooduvancheri SRO. The land classification for Kavin Nagar is Residential Special Type - IV.

How the guideline value of Kavin Nagar has changed

The guideline value for Kavin Nagar has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. However, in the 2017 revision, it decreased to Rs 804 per sq.ft, representing a decline of 33%. The most recent revision in 2023 saw the guideline value rise to Rs 1,200 per sq.ft again, marking an increase of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 1,200 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Ponmar

Kavin Nagar is part of Ponmar, but specific guideline values for the village are not provided. Currently, there are no other streets in Ponmar listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Kavin Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kavin Nagar?

The Sub Registrar Office that covers Kavin Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the property registration process in Ponmar. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the Registration Department.

It is important for buyers and sellers to be aware of the guideline value, as it affects the overall transaction costs involved in property dealings. The guideline value serves as a reference point for the valuation of properties, facilitating a smoother registration process.

Frequently asked questions

What is the current guideline value of Kavin Nagar?

The current guideline value of Kavin Nagar is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then back to Rs 1,200 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained unchanged.

What is the land classification for Kavin Nagar?

Kavin Nagar is classified as Residential Special Type - IV according to the land classification guidelines.

Where is the Sub Registrar Office for Kavin Nagar located?

The Gooduvancheri Sub Registrar Office, which covers Kavin Nagar, is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kavin Nagar?

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 guideline value, the total stamp duty and registration fees would amount to Rs 1,08,000.