Guideline Value for KAVINA GARDEN

Kavina Garden guideline value

The current guideline value of Kavina Garden is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Vengambakkam village under the Tambaram Joint 1 SRO, classified as Mixed Special Type - I.

How the guideline value of Kavina Garden has changed

Since the 2017 revision, the guideline value for Kavina Garden has increased significantly. The 2017 revision set the value at Rs 2,000 per sq.ft, which rose to Rs 3,000 per sq.ft in the 2023 revision, marking a 50% increase. The current 2024 revision has further raised the value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 5,000 per sq.ft as of 2024. The median value for these streets is Rs 770 per sq.ft, placing Kavina Garden's current guideline value above this median.

• K.K. Nagar: Rs 3,300 per sq.ft (2024)
• Krishna Nagar: Rs 1,160 per sq.ft (2024)
• Kalaingar Street: Rs 440 per sq.ft (2024)
• Kakanji Street: Rs 440 per sq.ft (2024)
• Lilly Nagar: Rs 1,100 per sq.ft (2024)
• Mahatma Gandhi Cross Street: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Kavina Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kavina Garden?

Kavina Garden falls under the Tambaram Joint 1 Sub Registrar Office located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Vengambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should always check the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kavina Garden?

The current guideline value of Kavina Garden is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking a total increase of 65% over this period.

What is the land classification for Kavina Garden?

Kavina Garden is classified as Mixed Special Type - I, which indicates its zoning and intended use within the locality.

Where can I find the Sub Registrar Office for Kavina Garden?

The Sub Registrar Office for Kavina Garden is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Kavina Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.