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Guideline Value

Corporate

Guideline Value for KAVERI NAGAR 3RD STREET

₹2480/sq.ft.

The guideline value for Kaveri Nagar 3rd Street in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2480 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2480 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2250 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kaveri Nagar 3rd Street

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Kaveri Nagar 3rd Street guideline value

The current guideline value of Kaveri Nagar 3rd Street is Rs 2,480 per sq.ft, effective from 1 July 2024. This street is located in Karambakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kaveri Nagar 3rd Street has changed

The guideline value for Kaveri Nagar 3rd Street has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 2,250 per sq.ft. This value decreased to Rs 1,507 per sq.ft in the 2017 revision, showing a decline of 33%. However, the subsequent revisions saw a significant increase, with the 2023 revision setting the value at Rs 2,250 per sq.ft, followed by the current 2024 revision at Rs 2,480 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,930 per sq.ft, placing Kaveri Nagar 3rd Street above this median.

Stamp duty and registration fee for property in Kaveri Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,480 per sq.ft, the total guideline value would be Rs 24,80,000. The stamp duty at 7% would amount to Rs 1,73,600, and the registration fee at 2% would be Rs 49,600, bringing the total to Rs 2,23,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaveri Nagar 3rd Street?

Kaveri Nagar 3rd Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Karambakkam. It is used to calculate the stamp duty and registration fees that are applicable during the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to understand the implications of the guideline value. It ensures that the property is registered at a value that reflects the local market conditions, thus safeguarding the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Kaveri Nagar 3rd Street?

The current guideline value of Kaveri Nagar 3rd Street is Rs 2,480 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,250 per sq.ft in 2012 to Rs 1,507 per sq.ft in 2017, then back to Rs 2,250 per sq.ft in 2023, and finally to Rs 2,480 per sq.ft in 2024.

What is the land classification for Kaveri Nagar 3rd Street?

The land classification for Kaveri Nagar 3rd Street is Residential Class II Type - I.

What are the other streets with the same guideline value in Karambakkam?

Other streets in Karambakkam with the same guideline value of Rs 2,480 per sq.ft include Kaveri Nagar 1st Street, Kaveri Nagar 2nd Street, Kaveri Nagar Main Road, and Karambakkam Bramin Street.

Where can I find the Sub Registrar Office for Kaveri Nagar 3rd Street?

The Sub Registrar Office covering Kaveri Nagar 3rd Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.