Guideline Value for Cauvery Nagar 1st Street

Cauvery Nagar 1st Street guideline value

The current guideline value of Cauvery Nagar 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Cauvery Nagar 1st Street has changed

According to the guideline value register, there are no figures available for Cauvery Nagar 1st Street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,500 per sq.ft, and the most recent 2024 revision increased it to Rs 2,700 per sq.ft, reflecting a change of +8%.

This increase aligns with the overall trend in Kodungaiyur, where the guideline values vary across different streets. The 2024 revision indicates that the guideline value for this street matches the median value of Rs 2,700 per sq.ft for the area.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is the same as the guideline value for Cauvery Nagar 1st Street.

• Cauvery Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Cauvery Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Cauvery Nagar: Rs 2,700 per sq.ft (2024)
• Cauvery Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Cauvery Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Cauvery Nagar 6th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Cauvery Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees Rs 2,43,000. 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 more precise calculations.

Which Sub Registrar Office covers Cauvery Nagar 1st Street?

The Cauvery Nagar 1st Street falls under the jurisdiction of the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value serves as a benchmark for property transactions in Kodungaiyur. When buying or selling property, this value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transactions and ensures compliance with local regulations during registration.

Frequently asked questions

What is the current guideline value for Cauvery Nagar 1st Street?

The current guideline value for Cauvery Nagar 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an increase of +8%.

What is the classification of land in Cauvery Nagar 1st Street?

Cauvery Nagar 1st Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Cauvery Nagar 1st Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.