Guideline Value for KRS KAVINAYA GARDEN

Krs Kavinaya Garden guideline value

The current guideline value of Krs Kavinaya Garden, located in Kerugambakkam village, is Rs 2,050 per sq.ft, effective from 1 July 2024. This area falls under the Pammal Sub Registrar Office and is classified as Residential Class II Type - III.

How the guideline value of Krs Kavinaya Garden has changed

The guideline value for Krs Kavinaya Garden has seen several revisions over the years. The 2017 revision set the value at Rs 1,250 per sq.ft, which increased to Rs 1,866 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 2,050 per sq.ft, marking a 10% increase from the previous year and an overall increase of 64% since 2017.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The changes from 2017 to 2023 represent a significant rise of 49%, reflecting the evolving real estate landscape in the area.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Krs Kavinaya Garden's current guideline value is below this median.

• Kumaran Nagar: Rs 1,980 per sq.ft (2024)
• Kundrathur Main Road: Rs 3,300 per sq.ft (2024)
• Kolapakkam Road: Rs 2,860 per sq.ft (2024)
• Kochar's Neetu Arjun Garden: Rs 2,860 per sq.ft (2024)
• Kochar Arjun Garden: Rs 2,750 per sq.ft (2024)
• Lakshmi Nagar (ward 5): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Krs Kavinaya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,050 per sq.ft, the total guideline value amounts to Rs 20,50,000. The stamp duty at 7% would be Rs 1,43,500, and the registration fee at 2% would be Rs 41,000. Together, the total cost for these fees would be Rs 1,84,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Krs Kavinaya Garden?

Krs Kavinaya Garden falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kerugambakkam. It serves as a benchmark for determining the minimum value at which property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of ownership. This ensures that both parties are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Krs Kavinaya Garden?

The current guideline value of Krs Kavinaya Garden is Rs 2,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,250 per sq.ft in 2017 to Rs 2,050 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What are the stamp duty and registration fees for Krs Kavinaya Garden?

For a property valued at Rs 20,50,000, the stamp duty would be Rs 1,43,500, and the registration fee would be Rs 41,000, totaling Rs 1,84,500.

Which Sub Registrar Office handles registrations for Krs Kavinaya Garden?

The Pammal Sub Registrar Office is responsible for registrations in Krs Kavinaya Garden, located on Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Krs Kavinaya Garden?

Krs Kavinaya Garden is classified as Residential Class II Type - III, indicating its suitability for residential development.