Guideline Value for CAUVERY NAGAR

Cauvery Nagar guideline value

The current guideline value of Cauvery Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Palur-A village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Cauvery Nagar has changed

The guideline value for Cauvery Nagar has seen several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 268 per sq.ft. This value increased to Rs 400 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase from 2017 to 2023 and a consistent rate from 2023 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The guideline value has remained stable at Rs 400 per sq.ft since the 2023 revision.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft, with the median being Rs 400 per sq.ft. The guideline value of Cauvery Nagar aligns with this median.

• Ceeon Nagar: Rs 400 per sq.ft (2024)
• Birundhavan Nagar: Rs 400 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Dps Nagar: Rs 400 per sq.ft (2024)
• Ganapathy Nagar: Rs 400 per sq.ft (2024)
• Gangadaran Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Cauvery Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cauvery Nagar?

The Chengleput Joint II Sub Registrar Office covers Cauvery Nagar. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Palur-A

The guideline value is a crucial factor during the registration of property transactions in Palur-A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When buying or selling property, the guideline value helps in determining the legal and official value of the property, which is essential for the registration process. It is important for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Cauvery Nagar?

The current guideline value of Cauvery Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% to Rs 400 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification of Cauvery Nagar?

Cauvery Nagar is classified as Residential Special Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for a property in Cauvery Nagar?

For a property with a guideline value of Rs 4,00,000, the stamp duty is Rs 28,000, and the registration fee is Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.