Guideline Value for Cauvery Nagar

Cauvery Nagar guideline value

The current guideline value of Cauvery Nagar, located in Kathivakkam village under the Thiruvottiyur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Cauvery Nagar has changed

Over the years, the guideline value of Cauvery Nagar has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 400 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, followed by a decrease to Rs 670 per sq.ft in 2017. The 2023 revision brought it back up to Rs 1,000 per sq.ft, and the latest revision in 2024 set it at Rs 1,100 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2024, the overall increase in guideline value is 175%. Notably, the change from 2023 to 2024 is a 10% increase, while the jump from 2017 to 2023 reflects a significant 49% rise. The 2012 to 2017 period saw a decrease of 33%, and the 2007 to 2012 period experienced a remarkable 150% increase.

Guideline values in Kathivakkam

In Kathivakkam, there are 47 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft, with a median value of Rs 1,001 per sq.ft. The guideline value of Cauvery Nagar is above this median.

• Chinnakuppam: Rs 1,000 per sq.ft (2024)
• Chinnamman Koil Street: Rs 1,000 per sq.ft (2024)
• Church Road: Rs 1,001 per sq.ft (2024)
• Darga Road (Railway Station South Side Road): Rs 1,100 per sq.ft (2024)
• Don Bosco Road: Rs 1,001 per sq.ft (2024)
• Bajanai Koil Street/Cross Street: Rs 1,001 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Cauvery Nagar?

The Sub Registrar Office that covers Cauvery Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kathivakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cauvery Nagar?

The current guideline value of Cauvery Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 175% over this period.

What are the stamp duty rates for properties in Cauvery Nagar?

The stamp duty for properties in Cauvery Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Cauvery Nagar?

Cauvery Nagar is classified as Residential Special Type - I, indicating its designation for residential purposes.