Guideline Value for Kavalar Housing Board

Kavalar Housing Board guideline value

The current guideline value for Kavalar Housing Board in Ist Division village, under the Kanchipuram Joint IV SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Kavalar Housing Board has changed

Over the years, the guideline value for Kavalar Housing Board has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was followed by a decrease to Rs 1,005 per sq.ft in 2017. The value then increased significantly to Rs 1,500 per sq.ft in 2023. The most recent revision in 2024 has raised the guideline value to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is an increase of 10%. Notably, there are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that have a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Kavalar Housing Board is above this median.

• Kathiri Street @ Velathamman Koil Street: Rs 1,100 per sq.ft (2024)
• K.M.Avenue: Rs 880 per sq.ft (2024)
• K.M.V.Nagar: Rs 880 per sq.ft (2024)
• Kosa Street @ ThiruNeelakandar Street: Rs 800 per sq.ft (2024)
• Krishnasamy Street: Rs 880 per sq.ft (2024)
• Kammal Street @ Bangaramman Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Kavalar Housing Board

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kavalar Housing Board?

The Sub Registrar Office that covers Kavalar Housing Board is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions within Ist Division. It is the basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Kavalar Housing Board?

The current guideline value for Kavalar Housing Board is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Kavalar Housing Board?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Kavalar Housing Board?

The Kanchipuram Joint IV Sub Registrar Office covers Kavalar Housing Board, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What is the land classification for Kavalar Housing Board?

Kavalar Housing Board is classified as Residential Class I Type - I, indicating its suitability for residential development.