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Guideline Value

Corporate

Guideline Value for KAVERI NAGAR 4TH CROSS STREET

₹5000/sq.ft.

The guideline value for Kaveri Nagar 4th 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 4th Cross Street

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Kaveri Nagar 4th Cross Street guideline value

The current guideline value of Kaveri Nagar 4th 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 4th Cross Street has changed

The guideline value for Kaveri Nagar 4th 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. The value then increased to Rs 4,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 5,000 per sq.ft.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, followed by an 11% increase from 2023 to 2024. Overall, from 2012 to 2024, there has been an 11% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 for these streets is Rs 6,600 per sq.ft, making the guideline value of Kaveri Nagar 4th Cross Street below that median.

Stamp duty and registration fee for property in Kaveri Nagar 4th 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 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, bringing the total fees to Rs 4,50,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaveri Nagar 4th Cross Street?

The Sub Registrar Office that covers Kaveri Nagar 4th Cross Street is 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 crucial factor during the registration of property transactions in Mambalam. It serves as a benchmark for determining the value of the property being bought or sold, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Kaveri Nagar 4th Cross Street?

The current guideline value for Kaveri Nagar 4th 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 seen several revisions, starting from Rs 4,500 per sq.ft in 2012, decreasing to Rs 3,015 per sq.ft in 2017, and then increasing to Rs 4,500 per sq.ft in 2023, before reaching Rs 5,000 per sq.ft in 2024.

What is the median guideline value for streets in Mambalam?

The median guideline value for streets in Mambalam is Rs 6,600 per sq.ft, which means Kaveri Nagar 4th Cross Street's guideline value is below this median.

What are the stamp duty and registration fees for properties in Kaveri Nagar 4th Cross Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 5,000 per sq.ft, the total fees would amount to Rs 4,50,000.

Which office handles registrations for Kaveri Nagar 4th Cross Street?

The Thiyagaraya nagar Sub Registrar Office handles registrations for Kaveri Nagar 4th Cross Street, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.