Guideline Value for KAVIN TOWN SHIP

Kavin Town Ship guideline value

The current guideline value of Kavin Town Ship, located in Navaloor village under the Padappai SRO, is Rs 560 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Kavin Town Ship has changed

In the 2017 revision, the guideline value for Kavin Town Ship was Rs 469 per sq.ft. This figure remained the same in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 560 per sq.ft, reflecting a change of +19% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +19%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, placing Kavin Town Ship's 2024 figure above that median.

• Krishna Nagar Part I: Rs 550 per sq.ft (2024)
• Kanchivakkam to Vellarithangal Road: Rs 440 per sq.ft (2024)
• Kanchivakkam to Serappananchery Road: Rs 440 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 440 per sq.ft (2024)
• Green Grove Co-Operative Jeyam Nagar: Rs 770 per sq.ft (2024)
• Ezhil Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kavin Town Ship

For a 1,000 sq.ft plot at the current guideline value of Rs 560 per sq.ft, the total guideline value would be Rs 5,60,000. The stamp duty at 7% would amount to Rs 39,200, and the registration fee at 2% would be Rs 11,200, bringing the total cost for these fees to Rs 50,400. 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 details.

Which Sub Registrar Office covers Kavin Town Ship?

The Kavin Town Ship area is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property in Navaloor, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in real estate dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kavin Town Ship?

The current guideline value of Kavin Town Ship is Rs 560 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 560 per sq.ft in 2024, marking a change of +19%. There was no change recorded from 2017 to 2023.

What is the median guideline value in Navaloor?

The median guideline value for the 26 streets in Navaloor under the Padappai SRO is Rs 550 per sq.ft. Kavin Town Ship's current guideline value is above this median.

What are the stamp duty and registration fees for property in Kavin Town Ship?

For a property valued at Rs 5,60,000, the stamp duty would be Rs 39,200, and the registration fee would be Rs 11,200, totaling Rs 50,400. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kavin Town Ship located?

The Padappai Sub Registrar Office, which covers Kavin Town Ship, is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.