Guideline Value

Corporate

Guideline Value for KAVITHA STREET

₹3190/sq.ft.

The guideline value for Kavitha Street in Perumalagaram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3190 per sq.ft, effective 1 July 2024. It was Rs 2900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perumalagaram

Village

Chennai South Joint II

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹3190 /sq.ft.
From 1-4-2023 ₹2900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1943 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Kavitha Street guideline value

The current guideline value of Kavitha Street in Perumalagaram village is Rs 3,190 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class V Type - I.

How the guideline value of Kavitha Street has changed

The guideline value for Kavitha Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,900 per sq.ft, which then decreased to Rs 1,943 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,900 per sq.ft in 2023, and then rose to Rs 3,190 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumalagaram

In Perumalagaram, there are 74 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 825 to Rs 7,920 per sq.ft. The median value is Rs 3,190 per sq.ft, which is equal to the current guideline value of Kavitha Street.

Stamp duty and registration fee for property in Kavitha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,190 per sq.ft, the total guideline value amounts to Rs 31,90,000. The stamp duty at 7% would be Rs 2,23,300, and the registration fee at 2% would be Rs 63,800, bringing the total to Rs 2,87,100. It is important to note that the 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 details.

Which Sub Registrar Office covers Kavitha Street?

The Sub Registrar Office that covers Kavitha Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perumalagaram, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of the transaction. Ensuring compliance with these values helps in smooth registration processes at the Sub Registrar Office.

Frequently asked questions

What is the current guideline value of Kavitha Street?

The current guideline value of Kavitha Street is Rs 3,190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2012 revision at Rs 2,900 per sq.ft, decreasing to Rs 1,943 per sq.ft in 2017, then increasing to Rs 2,900 per sq.ft in 2023, and finally rising to Rs 3,190 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on Kavitha Street?

For a property valued at Rs 31,90,000, the stamp duty at 7% would be Rs 2,23,300, and the registration fee at 2% would be Rs 63,800, totaling Rs 2,87,100.

Which office handles registrations for Kavitha Street?

The Chennai South Joint II Sub Registrar Office handles registrations for Kavitha Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum price for property registration and is essential for calculating stamp duty and registration fees. It ensures that property transactions are conducted at a standardized valuation, facilitating smoother registration processes.