Guideline Value for Kaviya Garden Phase II - 2nd Street

Kaviya Garden Phase II - 2nd Street guideline value

The current guideline value for Kaviya Garden Phase II - 2nd 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 - 2nd Street has changed

The guideline value for Kaviya Garden Phase II - 2nd Street has undergone several revisions over the years. The earliest recorded value is from 2012, which was Rs 3,200 per sq.ft. This value decreased to Rs 2,144 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 3,200 per sq.ft in 2023, followed by another increase to Rs 3,520 per sq.ft in 2024, reflecting a rise of 10% from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. From 2012 to 2024, the overall change in the guideline value is an increase of 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that have 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 Garden Phase II - 2nd Street is below this median.

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

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 be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost for these fees to Rs 3,16,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kaviya Garden Phase II - 2nd Street?

The Kaviya Garden Phase II - 2nd Street 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 is a critical factor when registering property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property sales.

When a property is bought or sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Kaviya Garden Phase II - 2nd Street?

The current guideline value for Kaviya Garden Phase II - 2nd 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 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 Garden Phase II - 2nd Street?

Kaviya Garden Phase II - 2nd Street is classified as Residential Special Type - II.

Where can I find the registration office for Kaviya Garden Phase II - 2nd Street?

The registration office for Kaviya Garden Phase II - 2nd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the stamp duty and registration fee for a property in Kaviya Garden Phase II - 2nd Street?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800. The duty is charged on the higher of the guideline value or the sale price.