Guideline Value for Cauvery Nagar 5th Street

Cauvery Nagar 5th Street guideline value

The current guideline value of Cauvery Nagar 5th 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 is classified as Residential Class I Type - I.

How the guideline value of Cauvery Nagar 5th Street has changed

The guideline value for Cauvery Nagar 5th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, which is an increase of 8% from the 2023 figure of Rs 2,500 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, there were no recorded figures for this street in the guideline value register. The 2024 figure aligns with the median value for residential properties in Kodungaiyur, which is also Rs 2,700 per sq.ft.

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 is Rs 2,700 per sq.ft, placing Cauvery Nagar 5th Street at the same level as this median.

• Cauvery Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Cauvery Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Cauvery Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Cauvery Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Cauvery Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Cauvery Salai 1st Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Cauvery Nagar 5th 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, totaling 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cauvery Nagar 5th Street?

The Sub Registrar Office that covers Cauvery Nagar 5th 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 is a critical factor in property transactions in Kodungaiyur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to avoid any potential issues during the registration process.

Frequently asked questions

What is the current guideline value of Cauvery Nagar 5th Street?

The current guideline value of Cauvery Nagar 5th 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 by 8% from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024.

What is the classification of land in Cauvery Nagar 5th Street?

Cauvery Nagar 5th Street is classified as Residential Class I Type - I.

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 5th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,89,000.