Guideline Value for KAVIYA GARDEN DREAM HOMES

Kaviya Garden Dream Homes guideline value

The current guideline value for Kaviya Garden Dream Homes is Rs 1,105 per sq.ft, effective from 1 July 2024. This property is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class III Type - II.

How the guideline value of Kaviya Garden Dream Homes has changed

The guideline value for Kaviya Garden Dream Homes has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,105 per sq.ft, an increase of 10% from the 2023 revision of Rs 1,005 per sq.ft. Prior to that, the 2017 revision also recorded a value of Rs 1,005 per sq.ft, indicating no change from that year to 2023.

Looking further back, the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 10%.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft, with a median of Rs 2,200 per sq.ft. The guideline value for Kaviya Garden Dream Homes is below this median.

• Kaveri Street(ICF colony): Rs 2,400 per sq.ft (2024)
• Kavarai Street: Rs 1,600 per sq.ft (2024)
• Karunanidhi Street: Rs 1,600 per sq.ft (2024)
• Krishnan salai(ICF): Rs 2,400 per sq.ft (2024)
• Kannathasan Street: Rs 1,600 per sq.ft (2024)
• Kalyani Industrial Estate: Rs 3,601 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviya Garden Dream Homes

For a 1,000 sq.ft plot at the current guideline value of Rs 1,105 per sq.ft, the total guideline value amounts to Rs 11,05,000. The stamp duty at 7% would be Rs 77,350, and the registration fee at 2% would be Rs 22,100, bringing the total cost for these fees to Rs 99,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaviya Garden Dream Homes?

The Kaviya Garden Dream Homes falls under the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role in the registration process of property transactions in 5. Athipattu. It is used to determine the stamp duty and registration fees that must be paid during the purchase or sale of property.

When a property is registered, the guideline value is considered to ensure that the transaction is accurately reflected in official records. Buyers and sellers should be aware of this value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for Kaviya Garden Dream Homes?

The current guideline value for Kaviya Garden Dream Homes is Rs 1,105 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2023 to Rs 1,105 per sq.ft in 2024, marking a 10% increase. From 2017 to 2024, the overall increase is also 10%.

What is the classification of land for Kaviya Garden Dream Homes?

Kaviya Garden Dream Homes is classified as Residential Class III Type - II under the Konnur SRO.

Where can I find the Sub Registrar Office for Kaviya Garden Dream Homes?

The Sub Registrar Office covering Kaviya Garden Dream Homes is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in Kaviya Garden Dream Homes?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 11,05,000, the stamp duty at 7% would be Rs 77,350.