Guideline Value for KGEYES APOORVAA

Kgeyes Apoorvaa guideline value

The current guideline value of Kgeyes Apoorvaa is Rs 7,100 per sq.ft, effective from 1 July 2024. This property is located in 1. Nolambur village under the Villivakkam SRO, classified as Residential Special Type - I.

How the guideline value of Kgeyes Apoorvaa has changed

The guideline value for Kgeyes Apoorvaa has seen several revisions over the years. The 2017 revision set the value at Rs 4,355 per sq.ft. By the 2023 revision, this increased to Rs 6,500 per sq.ft, marking a significant rise of 49%. The most recent revision in 2024 further increased the guideline value to Rs 7,100 per sq.ft, which is a 9% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 1. Nolambur

In the 1. Nolambur area under the Villivakkam SRO, there are 73 streets with a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, which is the same as the guideline value for Kgeyes Apoorvaa.

• Kasthuri Nagar: Rs 4,355 per sq.ft (2024)
• Madha Koil Street: Rs 5,500 per sq.ft (2024)
• Madha Koil Street 1 to 8: Rs 5,500 per sq.ft (2024)
• Jeyabarath Apartments: Rs 7,100 per sq.ft (2024)
• Mani Nagar: Rs 7,100 per sq.ft (2024)
• Jain Sundarbans [Guruswamy Street]: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kgeyes Apoorvaa

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees together to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kgeyes Apoorvaa?

The Sub Registrar Office that covers Kgeyes Apoorvaa is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value is a crucial factor in property transactions in 1. Nolambur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Kgeyes Apoorvaa?

The current guideline value of Kgeyes Apoorvaa is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 4,355 per sq.ft in 2017 to Rs 6,500 per sq.ft in 2023, and then to Rs 7,100 per sq.ft in 2024. This represents an overall increase of 63% from 2017 to 2024.

What are the stamp duty and registration fees for Kgeyes Apoorvaa?

For a 1,000 sq.ft plot, the total guideline value is Rs 71,00,000. The stamp duty at 7% is Rs 4,97,000, and the registration fee at 2% is Rs 1,42,000, totaling Rs 6,39,000.

Which Sub Registrar Office covers Kgeyes Apoorvaa?

Kgeyes Apoorvaa is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Kgeyes Apoorvaa?

Kgeyes Apoorvaa is classified as Residential Special Type - I, indicating its suitability for residential development within the area.