Guideline Value for Kishta Baghavan Street

Kishta Baghavan Street guideline value

The current guideline value of Kishta Baghavan Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Navaloor village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kishta Baghavan Street has changed

Over the years, the guideline value of Kishta Baghavan Street has seen several revisions. The earliest recorded revision is from 2012, where the value was set at Rs 200 per sq.ft. This was followed by a decrease to Rs 134 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, returning to Rs 200 per sq.ft. The 2024 revision maintains this value at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Kishta Baghavan Street. Overall, from 2012 to 2024, the guideline value has remained unchanged, reflecting a stable pricing structure in this locality.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,100 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which means that Kishta Baghavan Street's 2024 figure is below the median.

• Kamaraj Nagar Extn: Rs 300 per sq.ft (2024)
• Kamaraj Nagar: Rs 300 per sq.ft (2024)
• Main Road: Rs 610 per sq.ft (2024)
• Jeyam Nagar: Rs 200 per sq.ft (2024)
• Jaisakthi Nagar: Rs 300 per sq.ft (2024)
• Dr.Chandra City: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Kishta Baghavan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty, calculated at 7%, would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kishta Baghavan Street?

The Sub Registrar Office that covers Kishta Baghavan Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Navaloor. 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 transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on either the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the fees are calculated fairly.

Frequently asked questions

What is the current guideline value of Kishta Baghavan Street?

The current guideline value of Kishta Baghavan Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What are the other streets in Navaloor with their guideline values?

Other streets in Navaloor have varying guideline values, with the median being Rs 300 per sq.ft. Kishta Baghavan Street's value is below this median.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 200 per sq.ft, the total fees would amount to Rs 18,000.

Where can I find the Sub Registrar Office for Kishta Baghavan Street?

The Sub Registrar Office for Kishta Baghavan Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.