Guideline Value for Kavina Garden

Kavina Garden guideline value

The current guideline value of Kavina Garden, located in Puthur village under the Tambaram Joint 1 SRO, is Rs 1,650 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Kavina Garden has changed

The guideline value for Kavina Garden has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Puthur

Puthur village has 63 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 330 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Kavina Garden's 2024 figure above that median.

• LSS Nagar: Rs 770 per sq.ft (2024)
• J.P. Avenue Phase - IV: Rs 770 per sq.ft (2024)
• J.P. Avenue Phase - III: Rs 770 per sq.ft (2024)
• J.P. Avenue Phase - II: Rs 770 per sq.ft (2024)
• J.P. Avenue Phase - I: Rs 770 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Kavina Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be 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 duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kavina Garden?

Kavina Garden falls under the jurisdiction of the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puthur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the actual sale price, whichever is higher, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kavina Garden?

The current guideline value of Kavina Garden is Rs 1,650 per sq.ft as per the 2024 revision 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 is the land classification of Kavina Garden?

Kavina Garden is classified as Residential Special Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Kavina Garden?

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.

Where can I find the Sub Registrar Office for Kavina Garden?

The Tambaram Joint 1 Sub Registrar Office covers Kavina Garden and is located at No.26, Mes Road, East Tambaram, Chennai-600059.