Guideline Value for Cauvery Salai (Gandhi Nagar)

Cauvery Salai (Gandhi Nagar) guideline value

The current guideline value of Cauvery Salai (Gandhi Nagar) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Cauvery Salai (Gandhi Nagar) has changed

The guideline value for Cauvery Salai (Gandhi Nagar) has seen several revisions over the years. In 2012, the value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, it rebounded with a substantial increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 shows a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

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 for these streets is Rs 2,700 per sq.ft, positioning Cauvery Salai (Gandhi Nagar) below this median.

• Cauvery Salai 6th Cross Street: Rs 2,200 per sq.ft (2024)
• Cauvery Salai (Kurinji Nagar): Rs 2,700 per sq.ft (2024)
• Cauvery Salai 5th Cross Street: Rs 2,200 per sq.ft (2024)
• Cauvery Salai Main Road: Rs 2,700 per sq.ft (2024)
• Cauvery Salai 4th Street: Rs 2,700 per sq.ft (2024)
• Cauvery Salai 4th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Cauvery Salai (Gandhi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Cauvery Salai (Gandhi Nagar)?

The Sub Registrar Office that covers Cauvery Salai (Gandhi Nagar) 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 a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

Frequently asked questions

What is the current guideline value of Cauvery Salai (Gandhi Nagar)?

The current guideline value of Cauvery Salai (Gandhi Nagar) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of 2024.

What is the stamp duty for property in Cauvery Salai (Gandhi Nagar)?

The stamp duty for property in Cauvery Salai (Gandhi Nagar) is 7% of the guideline value or the sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification of Cauvery Salai (Gandhi Nagar)?

Cauvery Salai (Gandhi Nagar) is classified as Residential Class II Type - I.