Guideline Value for Cauvery Nagar

Cauvery Nagar guideline value

The current guideline value of Cauvery Nagar is Rs 1,200 per sq.ft as per the 2023 revision. This locality falls under Vandalur village and is registered with the Gooduvancheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Cauvery Nagar has changed

The guideline value of Cauvery Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 550 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in the 2012 revision. However, it then dropped to Rs 804 per sq.ft in the 2017 revision, marking a decrease of 33%. The most recent revision in 2023 brought the value back up to Rs 1,200 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 118%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Vandalur

Cauvery Nagar is one of the localities under the Gooduvancheri SRO. Unfortunately, no specific village figures are provided for Vandalur. Currently, there are no other streets in Vandalur listed with guideline values.

Stamp duty and registration fee for property in Cauvery Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty, charged at 7%, would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000. Together, the total cost for stamp duty and registration would be Rs 1,08,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cauvery Nagar?

The Sub Registrar Office that covers Cauvery Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property in Vandalur. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When you buy or sell property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of ownership. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Cauvery Nagar?

The current guideline value of Cauvery Nagar is Rs 1,200 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 118%, with significant fluctuations between revisions, including a drop from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for these fees would be Rs 1,08,000.

Which Sub Registrar Office covers Cauvery Nagar?

The Gooduvancheri Sub Registrar Office covers Cauvery Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Vandalur with guideline values?

Currently, there are no other streets in Vandalur listed with guideline values in the register.