Guideline Value for Kavinar Kannadasan Street

Kavinar Kannadasan Street guideline value

The current guideline value of Kavinar Kannadasan Street is Rs 1,100 per sq.ft. This street is located in Kilambakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kavinar Kannadasan Street has changed

Over the years, the guideline value of Kavinar Kannadasan Street has seen several revisions. In the 2007 revision, the value was set at Rs 450 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 737 per sq.ft, marking a decrease of 33%. The most recent revision in 2023 has brought the guideline value back up to Rs 1,100 per sq.ft, representing an increase of 49% from the previous figure.

From the 2007 revision to the 2023 revision, the overall increase in guideline value is 144%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures available for Kilambakkam. However, Kavinar Kannadasan Street is part of the residential landscape in this area. The following are other streets in Kilambakkam:

Stamp duty and registration fee for property in Kavinar Kannadasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kavinar Kannadasan Street?

The Sub Registrar Office that covers Kavinar Kannadasan Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find more information by visiting find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Kilambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in a legal context. It is essential for buyers to be aware of the current guideline value to ensure that they are paying a fair amount in taxes during the transaction process.

Frequently asked questions

What is the current guideline value of Kavinar Kannadasan Street?

The current guideline value of Kavinar Kannadasan Street is Rs 1,100 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2012, then decreased to Rs 737 per sq.ft in 2017, and finally returned to Rs 1,100 per sq.ft in 2023.

What is the land classification for Kavinar Kannadasan Street?

The land classification for Kavinar Kannadasan Street is Residential Class II Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for property in Kavinar Kannadasan Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 77,000.