Guideline Value for KAVERI NAGAR 2ST CROSS STREET

Kaveri Nagar 2st Cross Street guideline value

The current guideline value of Kaveri Nagar 2st Cross Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Kaveri Nagar 2st Cross Street has changed

The guideline value of Kaveri Nagar 2st Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 4,500 per sq.ft. This was followed by a decrease to Rs 3,015 per sq.ft in 2017. However, the value saw a significant increase in 2023, rising to Rs 4,500 per sq.ft, and further increased to Rs 5,000 per sq.ft in the 2024 revision, marking an 11% rise from the previous year.

In summary, the changes between revisions show a 49% increase from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been an increase of 11%. The register does not contain figures for the years 2002, 2003, or 2007 for this street.

Guideline values in Mambalam

Mambalam village has a total of 163 streets under the Thiyagaraya nagar SRO, with 2024 guideline values ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, indicating that Kaveri Nagar 2st Cross Street's 2024 figure is below this median.

• Kaveri Nagar 3st Cross Street: Rs 5,000 per sq.ft (2024)
• Kaveri Nagar 4th Cross Street: Rs 5,000 per sq.ft (2024)
• Kaveri Nagar Ist Cross Street: Rs 5,000 per sq.ft (2024)
• Kavarai Street (West): Rs 5,000 per sq.ft (2024)
• Kavarai Street (South): Rs 5,000 per sq.ft (2024)
• Kavarai Street (North): Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kaveri Nagar 2st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, resulting in a total of Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaveri Nagar 2st Cross Street?

The Kaveri Nagar 2st Cross Street is covered by the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property in Mambalam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value can help in making informed decisions during property transactions. It is advisable for buyers to check the current guideline values before proceeding with any purchase or sale to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kaveri Nagar 2st Cross Street?

The current guideline value of Kaveri Nagar 2st Cross Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2023 to Rs 5,000 per sq.ft in 2024. It was Rs 3,015 per sq.ft in 2017 and Rs 4,500 per sq.ft in 2012.

What are the stamp duty and registration fees for properties in Kaveri Nagar 2st Cross Street?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Which Sub Registrar Office covers Kaveri Nagar 2st Cross Street?

The Thiyagaraya nagar Sub Registrar Office covers Kaveri Nagar 2st Cross Street, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

What is the land classification for Kaveri Nagar 2st Cross Street?

The land classification for Kaveri Nagar 2st Cross Street is Residential Class III Type - II.