Guideline Value for Cauvery Salai 1st Cross Street

Cauvery Salai 1st Cross Street guideline value

The current guideline value of Cauvery Salai 1st Cross Street 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 1st Cross Street has changed

The guideline value for Cauvery Salai 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 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 of Cauvery Salai 1st Cross Street is below this median.

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

Stamp duty and registration fee for property in Cauvery Salai 1st Cross Street

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, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Cauvery Salai 1st Cross Street?

The Sub Registrar Office that covers Cauvery Salai 1st Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is an important factor when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded accurately in official documents.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Cauvery Salai 1st Cross Street?

The current guideline value of Cauvery Salai 1st Cross Street 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 to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024. The changes reflect various increases and decreases over the years.

What is the stamp duty for properties on Cauvery Salai 1st Cross Street?

The stamp duty for properties on Cauvery Salai 1st Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 1,54,000.

Which Sub Registrar Office should I visit for transactions in Cauvery Salai 1st Cross Street?

The Madhavaram Sub Registrar Office covers transactions for Cauvery Salai 1st Cross Street. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the guideline values for other streets in Kodungaiyur?

Other streets in Kodungaiyur have varying guideline values, with some streets such as Cauvery Nagar Main Road and Cauvery Salai 1st Street both valued at Rs 2,700 per sq.ft in 2024. The guideline values range from Rs 1,900 to Rs 4,000 per sq.ft across the village.