Guideline Value for Cauvery Salai 2nd Street

Cauvery Salai 2nd Street guideline value

The current guideline value of Cauvery Salai 2nd 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 2nd Street has changed

The guideline value for Cauvery Salai 2nd Street has undergone several revisions over the years. The oldest revision available is from 2012, where the value was Rs 2,500 per sq.ft. The most recent revision, effective from 1 July 2024, increased this figure to Rs 2,700 per sq.ft, marking an increase of 8% from the 2012 revision.

There are no figures available for the revisions in the years 2003, 2007, 2017, and 2023. Therefore, the only revisions that show a guideline value for this street are from 2012 and 2024.

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. The median value among these streets is Rs 2,700 per sq.ft, which is the same as the current guideline value for Cauvery Salai 2nd Street.

• Cauvery Salai 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Cauvery Salai 2nd Street (Gandhi Nagar): Rs 2,700 per sq.ft (2024)
• Cauvery Salai 1st Street: Rs 2,700 per sq.ft (2024)
• Cauvery Salai 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Cauvery Salai 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Cauvery Salai 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Cauvery Salai 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees Rs 2,43,000. 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 precise calculations.

Which Sub Registrar Office covers Cauvery Salai 2nd Street?

The Cauvery Salai 2nd Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Cauvery Salai 2nd Street?

The current guideline value of Cauvery Salai 2nd 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 for Cauvery Salai 2nd Street was Rs 2,500 per sq.ft in 2012 and increased to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase. There are no figures available for the revisions in the years 2003, 2007, 2017, and 2023.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft, which is the same as the current guideline value for Cauvery Salai 2nd Street.

How much would the stamp duty and registration fees be for a property in Cauvery Salai 2nd Street?

For a 1,000 sq.ft property at the current guideline value, the total guideline value would be 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.

Which office handles registrations for properties in Cauvery Salai 2nd Street?

The Madhavaram Sub Registrar Office handles registrations for properties in Cauvery Salai 2nd Street. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.