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Guideline Value

Corporate

Guideline Value for KAVERI NAGAR 3ST CROSS STREET

₹5000/sq.ft.

The guideline value for Kaveri Nagar 3st Cross Street in Mambalam village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mambalam

Village

Thiyagaraya Nagar

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹5000 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /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)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[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 3st Cross Street

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Kaveri Nagar 3st Cross Street guideline value

The current guideline value of Kaveri Nagar 3st Cross Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village under the Thiyagaraya nagar SRO, classified as Residential Class III Type - II.

How the guideline value of Kaveri Nagar 3st Cross Street has changed

In the 2012 revision, the guideline value was Rs 4,500 per sq.ft. This value decreased to Rs 3,015 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value increased significantly to Rs 4,500 per sq.ft in the 2023 revision, and then rose again to Rs 5,000 per sq.ft in the 2024 revision, reflecting an overall increase of 11% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a notable increase of 49%. The change from 2023 to 2024 saw an increase of 11%. This progression in guideline values illustrates the fluctuations that have occurred over the years.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, placing Kaveri Nagar 3st Cross Street's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current rate of Rs 5,000 per sq.ft, the guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, totaling Rs 4,50,000. It is important to note that 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 3st Cross Street?

The Kaveri Nagar 3st Cross Street falls under the Thiyagaraya nagar Sub Registrar Office located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mambalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Kaveri Nagar 3st 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 2012 to Rs 3,015 per sq.ft in 2017, then increased to Rs 4,500 per sq.ft in 2023, and finally to Rs 5,000 per sq.ft in 2024.

What is the land classification for Kaveri Nagar 3st Cross Street?

Kaveri Nagar 3st Cross Street is classified as Residential Class III Type - II.

Where can I find information about stamp duty and registration fees?

You can find information about stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office handles registrations for Kaveri Nagar 3st Cross Street?

The Thiyagaraya nagar Sub Registrar Office handles registrations for Kaveri Nagar 3st Cross Street, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.