Guideline Value for Kaviya Gardan Phase V

Kaviya Gardan Phase V guideline value

The current guideline value for Kaviya Gardan Phase V is Rs 3,520 per sq.ft. This property is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Kaviya Gardan Phase V has changed

The guideline value for Kaviya Gardan Phase V has undergone several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 3,200 per sq.ft. This figure was revised to Rs 2,144 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49% to Rs 3,200 per sq.ft. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value for Kaviya Gardan Phase V is below this median.

• Kaviya Garden: Rs 3,520 per sq.ft (2024)
• Kaviya Garden 1st Street: Rs 3,520 per sq.ft (2024)
• Kaviya Garden 2nd Street: Rs 3,520 per sq.ft (2024)
• Kaviya Garden 3rd Street: Rs 3,520 per sq.ft (2024)
• Kaviya Garden 4th Street: Rs 3,520 per sq.ft (2024)
• Kaviya Garden Extn III: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviya Gardan Phase V

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400. Together, the total cost for stamp duty and registration would be Rs 3,16,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kaviya Gardan Phase V?

The Kaviya Gardan Phase V falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, 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.

Frequently asked questions

What is the current guideline value of Kaviya Gardan Phase V?

The current guideline value of Kaviya Gardan Phase V is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification for Kaviya Gardan Phase V?

Kaviya Gardan Phase V is classified as Residential Special Type - II.

What are the stamp duty and registration fees for a property in Kaviya Gardan Phase V?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 3,16,800, calculated based on the guideline value of Rs 35,20,000.

Which office handles registrations for Kaviya Gardan Phase V?

The Kunrathur Sub Registrar Office handles registrations for Kaviya Gardan Phase V, located at No.59, Road Street, Kundrathur, Chennai -600 069.