Guideline Value

Corporate

Guideline Value for Kaavya Garden Annex

₹440/sq.ft.

The guideline value for Kaavya Garden Annex in Palavayal village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavayal

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kaavya Garden Annex

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Kaavya Garden Annex guideline value

The current guideline value of Kaavya Garden Annex is Rs 440 per sq.ft, effective from 1 July 2024. This property is located in Palavayal village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kaavya Garden Annex has changed

The guideline value for Kaavya Garden Annex has undergone several revisions over the years. In 2007, the value was set at Rs 300 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. Following this, the value saw a significant rise to Rs 400 per sq.ft in 2023, and it further increased by 10% to the current value of Rs 440 per sq.ft in 2024. The register has no figures for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 was a decrease of 33%, while the increase from 2007 to 2012 was 33%. Overall, from 2007 to 2024, the guideline value has increased by 47%.

Guideline values in Palavayal

In Palavayal village, there are 22 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 1,200 per sq.ft. The median value for these streets is Rs 440 per sq.ft, making the guideline value of Kaavya Garden Annex equal to this median.

Stamp duty and registration fee for property in Kaavya Garden Annex

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. 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 more details.

Which Sub Registrar Office covers Kaavya Garden Annex?

The Sub Registrar Office that covers Kaavya Garden Annex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an important factor in property transactions in Palavayal. It serves as a benchmark for calculating the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to determine the applicable fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Kaavya Garden Annex?

The current guideline value of Kaavya Garden Annex is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, with several revisions in between, including a decrease to Rs 268 per sq.ft in 2017.

What are the other streets in Palavayal with the same guideline value?

Other streets in Palavayal with a guideline value of Rs 440 per sq.ft in 2024 include Iswaryam Nagar, Gomathiamman Nagar Annex XIII, Gangaiamman Koil Street, and Kumaran Nagar Part V.

How is stamp duty calculated for properties in Kaavya Garden Annex?

Stamp duty for properties in Kaavya Garden Annex is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot has a guideline value of Rs 4,40,000, resulting in a stamp duty of Rs 30,800.

Where can I find the Sub Registrar Office for Kaavya Garden Annex?

The Sub Registrar Office for Kaavya Garden Annex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.