Guideline Value for Cauvery Nagar

Cauvery Nagar guideline value

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

How the guideline value of Cauvery Nagar has changed

The guideline value for Cauvery Nagar has seen 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 revision of Rs 2,500 per sq.ft. Prior to these revisions, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value for Cauvery Nagar was Rs 2,500 per sq.ft in 2023, and it increased to Rs 2,700 per sq.ft in 2024. The previous revisions do not have recorded figures for this street.

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 guideline value in this area is Rs 2,700 per sq.ft, which is equal to the current value for Cauvery Nagar.

• Cauvery Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Cauvery Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Cauvery Nagar 3rd Street: 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

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 fees to Rs 2,43,000. 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 further calculations.

Which Sub Registrar Office covers Cauvery Nagar?

The Sub Registrar Office covering Cauvery Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To locate your SRO, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Kodungaiyur, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process. This value helps in establishing a fair basis for property transactions in the area.

Frequently asked questions

What is the current guideline value of Cauvery Nagar?

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

How has the guideline value changed over the years?

The guideline value for Cauvery Nagar was Rs 2,500 per sq.ft in 2023, and it increased to Rs 2,700 per sq.ft in 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft. This figure represents the midpoint among the 1,318 streets in the area.

What are the stamp duty and registration fees for property in Cauvery Nagar?

For a property valued at Rs 27,00,000, the stamp duty is Rs 1,89,000 and the registration fee is Rs 54,000, totaling Rs 2,43,000. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Madhavaram Sub Registrar Office covers Cauvery Nagar and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO through the provided link.