Guideline Value for Kaviya Garden 4th Street

Kaviya Garden 4th Street guideline value

The current guideline value of Kaviya Garden 4th Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Kaviya Garden 4th Street has changed

In the 2012 revision, the guideline value was Rs 3,200 per sq.ft. This figure changed to Rs 2,144 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the guideline value increased significantly to Rs 3,200 per sq.ft in the 2023 revision, and then rose to Rs 3,520 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

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 of Kaviya Garden 4th Street is below this median.

• Kaviya Garden 3rd Street: Rs 3,520 per sq.ft (2024)
• Kaviya Garden Extn III: Rs 3,520 per sq.ft (2024)
• Kaviya Garden Phase 1 & 2: Rs 3,520 per sq.ft (2024)
• Kaviya Garden Phase II - 1st Street: Rs 3,520 per sq.ft (2024)
• Kaviya Garden 2nd Street: Rs 3,520 per sq.ft (2024)
• Kaviya Garden Phase II - 2nd Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviya Garden 4th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 35,20,000. The stamp duty at 7% amounts to Rs 2,46,400, and the registration fee at 2% is Rs 70,400, totaling Rs 3,16,800. 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 more information.

Which Sub Registrar Office covers Kaviya Garden 4th Street?

The Kaviya Garden 4th Street falls under the Kunrathur Sub Registrar Office located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a critical factor during property registration in Porur. It is used to determine the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. It serves as a benchmark for assessing property transactions in the area.

Frequently asked questions

What is the current guideline value of Kaviya Garden 4th Street?

The current guideline value of Kaviya Garden 4th Street 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 seen several revisions, with the most recent being an increase from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

What is the land classification for Kaviya Garden 4th Street?

Kaviya Garden 4th Street is classified as Residential Special Type - II, indicating its suitability for residential development.

What is the registration office for Kaviya Garden 4th Street?

The Kunrathur Sub Registrar Office covers Kaviya Garden 4th Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Kaviya Garden 4th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total of Rs 3,16,800 in fees.