Guideline Value for Kavana Street

Kavana Street guideline value

The current guideline value of Kavana Street in Kanthoor village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of Kavana Street has changed

Looking at the historical revisions, the guideline value for Kavana Street was Rs 150 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. In the 2017 revision, the guideline value was Rs 100 per sq.ft, reflecting a 50% increase to reach the 2023 figure. The 2012 revision also set the value at Rs 150 per sq.ft, which means there was a decrease of 33% from 2012 to 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 150 per sq.ft. The register has no figures for Kavana Street for the years 2002, 2003, and 2007.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft, with a median value of Rs 181 per sq.ft. Kavana Street's current guideline value is below this median.

• Kottaikara Street: Rs 150 per sq.ft (2024)
• JSP Park: Rs 250 per sq.ft (2024)
• Jebamalai Nagar: Rs 250 per sq.ft (2024)
• Jabamalai Nagar Viriu: Rs 250 per sq.ft (2024)
• Irular Street: Rs 150 per sq.ft (2024)
• Marutham Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Kavana Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total fees Rs 13,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kavana Street?

The Sub Registrar Office that covers Kavana Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Kanthoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the 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 in the area.

Frequently asked questions

What is the current guideline value of Kavana Street?

The current guideline value of Kavana Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft for both the 2023 and 2024 revisions. It was Rs 100 per sq.ft in 2017 and Rs 150 per sq.ft in 2012, showing a 50% increase from 2017 to 2023.

What is the land classification for Kavana Street?

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

Where can I find the registration office for Kavana Street?

The registration office for Kavana Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How do I calculate stamp duty and registration fees for a property in Kavana Street?

To calculate the stamp duty and registration fees for a property in Kavana Street, you can use the guideline value. For example, a 1,000 sq.ft plot at Rs 150 per sq.ft would have a guideline value of Rs 1,50,000, resulting in a stamp duty of Rs 10,500 and a registration fee of Rs 3,000. You can use the stamp duty and registration fee calculator for accurate calculations.