Guideline Value for Cauvery Nagar 3rd Street

Cauvery Nagar 3rd Street guideline value

The current guideline value of Cauvery Nagar 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Cauvery Nagar 3rd Street has changed

In the 2024 revision, the guideline value for Cauvery Nagar 3rd Street was set at Rs 2,700 per sq.ft, which reflects an increase of 8% from the 2023 revision, where the value was Rs 2,500 per sq.ft. The register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions that provide a guideline value are from 2023 and 2024. The increase from 2023 to 2024 indicates a significant adjustment in the valuation for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the guideline value of Cauvery Nagar 3rd Street.

• Cauvery Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Cauvery Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Cauvery Nagar 1st 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)
• Cauvery Nagar Main Road: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Cauvery Nagar 3rd 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, bringing the total to Rs 2,43,000. It is important to note that the 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 3rd Street?

The Sub Registrar Office that covers Cauvery Nagar 3rd Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This system helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Cauvery Nagar 3rd Street?

The current guideline value of Cauvery Nagar 3rd 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 8% increase.

What is the land classification for Cauvery Nagar 3rd Street?

Cauvery Nagar 3rd Street falls under the Residential Class I Type - I land classification.

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 stamp duty calculated for properties in Cauvery Nagar 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the guideline value of Rs 2,700 per sq.ft would incur a total stamp duty of Rs 1,89,000.