Guideline Value for Kaviya Garden Phase II - 1st Street

Kaviya Garden Phase II - 1st Street guideline value

The current guideline value of Kaviya Garden Phase II - 1st 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 Phase II - 1st Street has changed

In the 2012 revision, the guideline value was Rs 3,200 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 2,144 per sq.ft, marking a decline of 33%. Following this, the value increased significantly to Rs 3,200 per sq.ft in the 2023 revision, and then rose again to Rs 3,520 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with 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 Phase II - 1st Street is below this median.

• Kaviya Garden Phase 1 & 2: Rs 3,520 per sq.ft (2024)
• Kaviya Garden Phase II - 2nd Street: Rs 3,520 per sq.ft (2024)
• Kaviya Garden Extn III: Rs 3,520 per sq.ft (2024)
• Kaviya Garden Phase II - 3rd Street: Rs 3,520 per sq.ft (2024)
• Kaviya Garden Phase IV & V: Rs 3,520 per sq.ft (2024)
• Kaviya Garden 4th Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviya Garden Phase II - 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaviya Garden Phase II - 1st Street?

The Kaviya Garden Phase II - 1st Street is covered by 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 is an essential factor in property transactions in Porur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value is set by the Registration Department and is revised periodically.

When a property is registered, the guideline value or the sale price is considered, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kaviya Garden Phase II - 1st Street?

The current guideline value of Kaviya Garden Phase II - 1st 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 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 are the stamp duty and registration fees for property in Kaviya Garden Phase II - 1st Street?

For a 1,000 sq.ft plot, the total 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.

Which Sub Registrar Office covers Kaviya Garden Phase II - 1st Street?

The Kunrathur Sub Registrar Office covers Kaviya Garden Phase II - 1st Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Kaviya Garden Phase II - 1st Street?

Kaviya Garden Phase II - 1st Street is classified as Residential Special Type - II.