Guideline Value

Corporate

Guideline Value for KAVIYA GARDEN 2ND MAIN ROAD

₹3300/sq.ft.

The guideline value for Kaviya Garden 2nd Main Road in Manapakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manapakkam

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /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
044-29510536
[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]
Records for a plot on Kaviya Garden 2nd Main Road

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Kaviya Garden 2nd Main Road guideline value

The current guideline value of Kaviya Garden 2nd Main Road 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 2nd Main Road has changed

The guideline value for Kaviya Garden 2nd Main Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, an increase from Rs 3,000 per sq.ft in 2023. This marks a 10% rise between these two revisions. Prior to that, the 2017 revision recorded a guideline value of Rs 2,010 per sq.ft, reflecting a significant increase of 49% when compared to the 2023 figure. The 2012 revision had set the value at Rs 3,000 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007. Overall, from the 2012 revision to the current 2024 figure, there has been a total increase of 10%.

Guideline values in Manapakkam

In Manapakkam, a total of 368 streets are listed under the Chennai South Joint I SRO, with guideline values for 2024 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, positioning Kaviya Garden 2nd Main Road above this median.

Stamp duty and registration fee for property in Kaviya Garden 2nd Main Road

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

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaviya Garden 2nd Main Road?

The Kaviya Garden 2nd Main Road is covered by 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 of property transactions in Manapakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in the buying and selling process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers must pay these fees based on the higher value between the guideline value and the actual sale price, which helps in maintaining a fair transaction process.

Frequently asked questions

What is the current guideline value of Kaviya Garden 2nd Main Road?

The current guideline value of Kaviya Garden 2nd Main Road 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 increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for Kaviya Garden 2nd Main Road?

The land classification for Kaviya Garden 2nd Main Road is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Kaviya Garden 2nd Main Road?

The Sub Registrar Office covering Kaviya Garden 2nd Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Kaviya Garden 2nd Main Road?

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