Guideline Value for Cauveri Nagar

Cauveri Nagar guideline value

The current guideline value of Cauveri Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Special Type - I.

How the guideline value of Cauveri Nagar has changed

The guideline value for Cauveri Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 246 per sq.ft. This increased to Rs 267 per sq.ft in 2003, marking a 9% rise. The value continued to rise sharply to Rs 700 per sq.ft in 2007, reflecting a 162% increase. Following this, the value surged to Rs 4,000 per sq.ft in 2012, which was a substantial increase of 471% from the previous revision. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a decline of 33%. The guideline value then rose significantly to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,689%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO, with guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft as of 2024. The median guideline value in this area is Rs 3,300 per sq.ft, placing Cauveri Nagar's 2024 figure above this median.

• Cauveri Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Cauveri Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Cauveri Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Cauveri Nagar 4th Street: Rs 4,400 per sq.ft (2024)
• Chanaicker Street: Rs 2,700 per sq.ft (2024)
• Chelliamman Nagar 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Cauveri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, these fees would total Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Cauveri Nagar?

The Sub Registrar Office that covers Cauveri Nagar is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cauveri Nagar?

The current guideline value of Cauveri Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 246 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1,689% over this period.

What are the stamp duty rates for property in Cauveri Nagar?

The stamp duty for property in Cauveri Nagar is charged at a rate of 7% of the guideline value or the sale price, whichever is higher.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the median guideline value in Kolathur?

The median guideline value in Kolathur is Rs 3,300 per sq.ft, and the guideline value for Cauveri Nagar is above this median at Rs 4,400 per sq.ft.