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Guideline Value

Corporate

Guideline Value for KAVERI NAGAR IST CROSS STREET

₹5000/sq.ft.

The guideline value for Kaveri Nagar Ist 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 ₹2500 /sq.ft.
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 Ist Cross Street

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Kaveri Nagar Ist Cross Street guideline value

The current guideline value of Kaveri Nagar Ist 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, classified as Residential Class III Type - II.

How the guideline value of Kaveri Nagar Ist Cross Street has changed

The guideline value for Kaveri Nagar Ist Cross Street has seen several revisions over the years. The 2007 revision set the value at Rs 2,500 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012, reflecting an 80% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 3,015 per sq.ft. The subsequent revision in 2023 raised the value to Rs 4,500 per sq.ft, marking a significant increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 5,000 per sq.ft, which is an 11% increase from the previous year.

It is important to note that there are no figures available for Kaveri Nagar Ist Cross Street in the 2002 and 2003 revisions.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, making the guideline value for Kaveri Nagar Ist Cross Street below this median.

Stamp duty and registration fee for property in Kaveri Nagar Ist 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, while the registration fee at 2% would be Rs 1,00,000, totaling Rs 4,50,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaveri Nagar Ist Cross Street?

The Kaveri Nagar Ist 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 an essential factor during the registration of property transactions in Mambalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared with the sale price to ensure that the appropriate taxes are levied. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline values.

Frequently asked questions

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

The current guideline value for Kaveri Nagar Ist 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 2,500 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, showing an overall increase of 100% over the years.

What was the guideline value in 2023?

The guideline value for Kaveri Nagar Ist Cross Street in 2023 was Rs 4,500 per sq.ft.

Which Sub Registrar Office is responsible for Kaveri Nagar Ist Cross Street?

The Thiyagaraya nagar Sub Registrar Office is responsible for Kaveri Nagar Ist Cross Street, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

How is stamp duty calculated on property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 50,00,000, the stamp duty at 7% would be Rs 3,50,000.