Guideline Value for Ksv ஹவுசங்காலனி

Ksv ஹவுசங்காலனி guideline value

The current guideline value of Ksv ஹவுசங்காலனி is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Aranvoyal village under the Manavalanagar SRO, classified as Residential Class III Type - I.

How the guideline value of Ksv ஹவுசங்காலனி has changed

The guideline value for Ksv ஹவுசங்காலனி has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 400 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 268 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Aranvoyal

In Aranvoyal, there are 52 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 900 per sq.ft, with a median value of Rs 450 per sq.ft. Ksv ஹவுசங்காலனி's 2024 figure is below this median.

• MS Royal City: Rs 402 per sq.ft (2024)
• Vgn சந்தோஷ் நகர்: Rs 600 per sq.ft (2024)
• Voc நகர்: Rs 400 per sq.ft (2024)
• Divyathesam Nagar: Rs 500 per sq.ft (2024)
• Kaveri Avenue: Rs 450 per sq.ft (2024)
• Kaveri Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Ksv ஹவுசங்காலனி

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ksv ஹவுசங்காலனி?

The Sub Registrar Office that covers Ksv ஹவுசங்காலனி is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Aranvoyal. It is used to determine the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

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

Frequently asked questions

What is the current guideline value of Ksv ஹவுசங்காலனி?

The current guideline value of Ksv ஹவுசங்காலனி is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2024, reflecting a 49% increase over this period. The value remained the same at Rs 400 per sq.ft between the 2023 and 2024 revisions.

What is the land classification of Ksv ஹவுசங்காலனி?

Ksv ஹவுசங்காலனி is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the registration office for Ksv ஹவுசங்காலனி?

The registration office for Ksv ஹவுசங்காலனி is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai.

How is the stamp duty calculated for properties in Aranvoyal?

Stamp duty for properties in Aranvoyal is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at a rate of 7%.