Guideline Value for Cauvery Salai 1st Street

Cauvery Salai 1st Street guideline value

The current guideline value of Cauvery Salai 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Cauvery Salai 1st Street has changed

The guideline value for Cauvery Salai 1st Street has been revised several times. The earliest recorded revision was in 2012, with a guideline value of Rs 2,500 per sq.ft. The most recent revision in 2024 increased this value to Rs 2,700 per sq.ft, marking an 8% increase from the 2012 figure.

There are no figures available for the revisions in the years 2002, 2003, 2007, 2017, and 2023 for this street. The changes reflect the adjustments made over the years, culminating in the current guideline value.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with a 2024 guideline value range from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the guideline value of Cauvery Salai 1st Street.

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

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

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. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cauvery Salai 1st Street?

The Cauvery Salai 1st Street falls under the jurisdiction of 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 plays a crucial role during the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction is documented accurately in accordance with government regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the state collects the appropriate revenue from property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase. There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the classification of Cauvery Salai 1st Street?

Cauvery Salai 1st Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are based on 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. This office handles the registration of properties in the area.