Guideline Value for KAVIYA GARDEN 1ST CROSS STREET

Kaviya Garden 1st Cross Street guideline value

The current guideline value of Kaviya Garden 1st Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kaviya Garden 1st Cross Street has changed

The guideline value for Kaviya Garden 1st Cross Street has seen several revisions over the years. In 2012, the guideline value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. Following that, the value increased to Rs 3,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 3,300 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

Looking at the changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The transition from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, indicating that Kaviya Garden 1st Cross Street's 2024 figure is above this median.

• Kaviya Garden 1st Main Road: Rs 3,300 per sq.ft (2024)
• Kaviya Garden 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviya Garden 2nd Main Road: Rs 3,300 per sq.ft (2024)
• Kaviya Garden 2nd Main Road 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviya Garden 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviya Garden 3rd Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviya Garden 1st Cross Street

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 fees together 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaviya Garden 1st Cross Street?

Kaviya Garden 1st Cross Street falls under the Chennai South Joint I 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 Manapakkam

The guideline value is a crucial factor in the registration process of property transactions in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value to avoid any discrepancies during registration. It is essential for both parties to be aware of the current guideline value to ensure a smooth transaction process.

Frequently asked questions

What is the current guideline value of Kaviya Garden 1st Cross Street?

The current guideline value of Kaviya Garden 1st Cross Street 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 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Kaviya Garden 1st Cross Street?

Kaviya Garden 1st Cross Street is classified as Residential Class I Type - I.

What is the median guideline value in Manapakkam?

The median guideline value in Manapakkam is Rs 2,530 per sq.ft, which is below the current guideline value of Kaviya Garden 1st Cross Street.

Where can I find the Sub Registrar Office for Kaviya Garden 1st Cross Street?

The Sub Registrar Office for Kaviya Garden 1st Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.