Guideline Value for Cauvery Nagar Main Road

Cauvery Nagar Main Road guideline value

The current guideline value of Cauvery Nagar Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

In the 2012 revision, the guideline value for Cauvery Nagar Main Road was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. There are no figures available for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1318 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Cauvery Nagar Main Road is equal to this median.

• Cauvery Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Cauvery Salai 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Cauvery Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Cauvery Salai 1st Street: Rs 2,700 per sq.ft (2024)
• Cauvery Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Cauvery Salai 2nd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Cauvery Nagar Main Road

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 higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cauvery Nagar Main Road?

The Sub Registrar Office that covers Cauvery Nagar Main Road 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 an essential factor in the registration process when buying or selling property in Kodungaiyur. It helps determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to ascertain the minimum value for which the property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cauvery Nagar Main Road?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8%. There were no changes recorded for the years 2002, 2003, 2007, and 2017.

What is the land classification for Cauvery Nagar Main Road?

Cauvery Nagar Main Road is classified as Residential Class I Type - I. This classification is important for determining the guideline value and other regulatory aspects.

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

For a property valued at 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. The duty is based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Cauvery Nagar Main Road?

The Madhavaram Sub Registrar Office covers Cauvery Nagar Main Road and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.