Guideline Value for KG SHREE PREM VIHAR

Kg Shree Prem Vihar guideline value

The current guideline value of Kg Shree Prem Vihar is Rs 4,500 per sq.ft, effective from 1 July 2024. This property is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and falls under the Residential Class II Type - IV land classification.

How the guideline value of Kg Shree Prem Vihar has changed

According to the guideline value register, the 2024 revision sets the figure at Rs 4,500 per sq.ft. The previous revision in 2023 also recorded the same value of Rs 4,500 per sq.ft. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

With a change of +0% from 2023 to 2024, the guideline value for Kg Shree Prem Vihar has remained stable at Rs 4,500 per sq.ft during this period.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Kg Shree Prem Vihar is above this median.

• Kavari Nagar: Rs 3,300 per sq.ft (2024)
• Kattuponniamman Nagar(Ponniamman Nagar): Rs 1,500 per sq.ft (2024)
• Karunikar Street: Rs 3,300 per sq.ft (2024)
• K.R. Ramanujam Nagar: Rs 3,300 per sq.ft (2024)
• K.R.Ramasami Nagar: Rs 2,800 per sq.ft (2024)
• Karnikar Street(Kannkar Street): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kg Shree Prem Vihar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,500 per sq.ft, the total guideline value amounts to Rs 45,00,000. The stamp duty at 7% would be Rs 3,15,000, and the registration fee at 2% would be Rs 90,000, bringing the total cost for these fees to Rs 4,05,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Kg Shree Prem Vihar?

The Kg Shree Prem Vihar property falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvottiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kg Shree Prem Vihar?

The current guideline value of Kg Shree Prem Vihar is Rs 4,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 4,500 per sq.ft for both the 2023 and 2024 revisions. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Thiruvottiyur?

The median guideline value in Thiruvottiyur is Rs 3,300 per sq.ft, with Kg Shree Prem Vihar's value being above this median.

What are the stamp duty rates for property in Kg Shree Prem Vihar?

The stamp duty for property in Kg Shree Prem Vihar is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.