Guideline Value for CEE.PAA.Athithanar Nagar

CEE.PAA.Athithanar Nagar guideline value

The current guideline value of CEE.PAA.Athithanar Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village and falls under the Gooduvancheri SRO, classified as Residential Class I Type - I.

How the guideline value of CEE.PAA.Athithanar Nagar has changed

The guideline value for CEE.PAA.Athithanar Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 333 per sq.ft, which increased to Rs 600 per sq.ft in the 2012 revision. However, this figure remained unchanged until the 2017 revision, which raised it to Rs 402 per sq.ft, marking a 49% increase. From 2017 to 2023, the value again remained stable at Rs 600 per sq.ft, with no change in the 2023 revision.

As of the 2024 revision, the guideline value is still Rs 600 per sq.ft, indicating no change from the previous year. The overall change from the 2007 revision to the 2024 revision is an increase of 80%.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value in this area is Rs 800 per sq.ft, placing CEE.PAA.Athithanar Nagar's current value below that median.

• BSNL Avenue: Rs 600 per sq.ft (2024)
• Chidambaram Nagar: Rs 600 per sq.ft (2024)
• Chidambaram Nagar Extn: Rs 600 per sq.ft (2024)
• Devanshi Nagar: Rs 536 per sq.ft (2024)
• Doctor's Township Part-I: Rs 800 per sq.ft (2024)
• Doctor's Township Part-II: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in CEE.PAA.Athithanar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers CEE.PAA.Athithanar Nagar?

The Sub Registrar Office that covers CEE.PAA.Athithanar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Kavanur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the correct fees are calculated based on the property’s value. This ensures transparency and compliance with government regulations.

Frequently asked questions

What is the current guideline value of CEE.PAA.Athithanar Nagar?

The current guideline value of CEE.PAA.Athithanar Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent revisions being Rs 600 per sq.ft in 2023 and 2024, compared to Rs 402 per sq.ft in 2017 and Rs 333 per sq.ft in 2007.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property at Rs 600 per sq.ft, the total cost would be Rs 54,000.

What is the median guideline value in Kavanur?

The median guideline value in Kavanur is Rs 800 per sq.ft, with CEE.PAA.Athithanar Nagar's current value being below this median.

Where is the Sub Registrar Office for CEE.PAA.Athithanar Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.