Guideline Value for Kaviya Garden

Kaviya Garden guideline value

The current guideline value of Kaviya Garden, located in Vayallanallur_b village under the Poonamallee SRO, is Rs 220 per sq.ft. This value is applicable from the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class I Type - IV.

How the guideline value of Kaviya Garden has changed

In the 2023 revision, the guideline value for Kaviya Garden was Rs 200 per sq.ft. The change from 2023 to 2024 reflects an increase of 10%, raising the value to Rs 220 per sq.ft. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, there are no figures available for Kaviya Garden for the years mentioned. The most recent revision indicates a significant adjustment in the guideline value, aligning it with the current market conditions for residential properties in the area.

Guideline values in Vayallanallur_b

In Vayallanallur_b, there are 27 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 3,100 per sq.ft, with a median value of Rs 1,640 per sq.ft. The guideline value for Kaviya Garden is below this median.

• Kamatchi Amman Nagar: Rs 750 per sq.ft (2024)
• Kamachi Amman Nagar: Rs 750 per sq.ft (2024)
• Kaaviya Garden Ph-1: Rs 275 per sq.ft (2024)
• M.S.Garden Nalleeswarar Nagar Phase -II: Rs 660 per sq.ft (2024)
• Muktha Meenakshi Sundaram Nagar: Rs 750 per sq.ft (2024)
• Muktha Samruddhi Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviya Garden

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. 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 details.

Which Sub Registrar Office covers Kaviya Garden?

Kaviya Garden falls under the jurisdiction of the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Vayallanallur_b, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local registration regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kaviya Garden?

The current guideline value of Kaviya Garden is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 200 per sq.ft to Rs 220 per sq.ft, marking a 10% rise.

What is the land classification for Kaviya Garden?

Kaviya Garden is classified as Residential Class I Type - IV, indicating its designation for residential use.

Where can I find the Poonamallee Sub Registrar Office?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

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

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 220 per sq.ft would incur a stamp duty of Rs 15,400.