Guideline Value for Kaviya Garden Phase IV & V

Kaviya Garden Phase IV & V guideline value

The current guideline value for Kaviya Garden Phase IV & V is Rs 3,520 per sq.ft, effective from 1 July 2024. This property is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Kaviya Garden Phase IV & V has changed

Over the years, the guideline value for Kaviya Garden Phase IV & V has seen several revisions. The earliest recorded figure is from 2012, which was Rs 3,200 per sq.ft. This was followed by a decrease to Rs 2,144 per sq.ft in 2017. The next revision in 2023 increased the value to Rs 3,200 per sq.ft, and the most recent revision in 2024 set it at Rs 3,520 per sq.ft. Notably, the years 2002, 2003, and 2007 have no figures recorded for this street.

The changes between revisions show a significant increase of 49% from 2017 to 2023. The 2023 to 2024 revision reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 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. The median guideline value for these streets is Rs 3,960 per sq.ft, placing Kaviya Garden Phase IV & V's 2024 figure below this median.

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

For a 1,000 sq.ft plot at the current guideline value, 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, totaling Rs 3,16,800. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaviya Garden Phase IV & V?

The Kaviya Garden Phase IV & V falls under 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 crucial reference point during the registration of property transactions in Porur. It helps determine the stamp duty and registration fees that need to be paid, ensuring transparency in property dealings.

When buying or selling property, the guideline value serves as a benchmark for the transaction amount. It is essential for both buyers and sellers to be aware of this value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Kaviya Garden Phase IV & V?

The current guideline value for Kaviya Garden Phase IV & 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 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 IV & V?

Kaviya Garden Phase IV & V is classified as Residential Special Type - II.

Which Sub Registrar Office covers the Kaviya Garden Phase IV & V?

The Kunrathur Sub Registrar Office covers Kaviya Garden Phase IV & V, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Kaviya Garden Phase IV & V?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400.