Guideline Value for CAUVERY NAGAR

Cauvery Nagar guideline value

The current guideline value of Cauvery Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Cauvery Nagar has changed

The guideline value of Cauvery Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 400% increase. However, in the 2017 revision, the value dropped to Rs 2,010 per sq.ft, a decrease of 33%. The 2023 revision saw a rise to Rs 3,000 per sq.ft, followed by a further increase to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Cauvery Nagar is equal to this median.

• Chairman T.K.P . Nagar: Rs 3,700 per sq.ft (2024)
• B.Sathanthapuram: Rs 2,800 per sq.ft (2024)
• Charless Nagar/Streets/Cross Streets: Rs 1,500 per sq.ft (2024)
• CHINNAMETTUPALAYAM Nagar/ Streets: Rs 3,300 per sq.ft (2024)
• Bharathi Nagar: Rs 3,300 per sq.ft (2024)
• C.R. Vedachalam Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Cauvery Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cauvery Nagar?

The Sub Registrar Office that covers Cauvery Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Thiruvottiyur. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers must consider the guideline value as it reflects the official valuation set by the government.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process aligns with the established values for properties in the area.

Frequently asked questions

What is the current guideline value of Cauvery Nagar?

The current guideline value of Cauvery Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing a total increase of 450% over the years.

What is the registration office for Cauvery Nagar?

The registration office for Cauvery Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Cauvery Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.

What other streets have similar guideline values in Thiruvottiyur?

Other streets in Thiruvottiyur with similar guideline values include Chairman T.K.P . Nagar at Rs 3,700 per sq.ft, CHINNAMETTUPALAYAM Nagar at Rs 3,300 per sq.ft, and Bharathi Nagar at Rs 3,300 per sq.ft.