Guideline Value for Cauvery Nagar 6th Street

Cauvery Nagar 6th Street guideline value

The current guideline value of Cauvery Nagar 6th 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 6th Street has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register does not provide figures for the years 2002, 2003, 2007, and 2017 for Cauvery Nagar 6th Street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, making the 2024 value of Cauvery Nagar 6th Street equal to this median.

• Cauvery Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Cauvery Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Cauvery Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Cauvery Salai 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Cauvery Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Cauvery Salai 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Cauvery Nagar 6th 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 Rs 2,43,000. Please note that 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 Cauvery Nagar 6th Street?

The Cauvery Nagar 6th Street is covered by 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 reference point used during property registration, ensuring that the property is valued fairly according to the government’s standards. It plays a crucial role in determining the stamp duty and registration fees that buyers and sellers must pay.

When a property is sold, the guideline value is considered to establish the minimum value for registration purposes. This value helps in maintaining transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Cauvery Nagar 6th Street?

The current guideline value of Cauvery Nagar 6th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value remained at Rs 2,500 per sq.ft from 2012 until 2023, after which it increased to Rs 2,700 per sq.ft in 2024, marking an 8% increase.

What is the land classification of Cauvery Nagar 6th Street?

Cauvery Nagar 6th Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Cauvery Nagar 6th Street?

The Madhavaram Sub Registrar Office covers Cauvery Nagar 6th Street and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.