Guideline Value

Corporate

Guideline Value for KAVERI NAGAR MAIN ROAD

₹2480/sq.ft.

The guideline value for Kaveri Nagar Main Road 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 Main Road

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Kaveri Nagar Main Road guideline value

The current guideline value of Kaveri Nagar Main Road is Rs 2,480 per sq.ft. This value is applicable in Karambakkam village, 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 Main Road has changed

The guideline value for Kaveri Nagar Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,250 per sq.ft, which was followed by a decrease to Rs 1,507 per sq.ft in 2017. The 2023 revision increased the value to Rs 2,250 per sq.ft, and the latest revision in 2024 has raised it to Rs 2,480 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 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 value is Rs 1,930 per sq.ft, and Kaveri Nagar Main Road's 2024 figure is above that median.

Stamp duty and registration fee for property in Kaveri Nagar Main Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 24,80,000. The stamp duty at 7% would be Rs 1,73,600, and the registration fee at 2% would be Rs 49,600, totaling Rs 2,23,200. 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 Main Road?

The Kaveri Nagar Main Road 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 during the registration of property transactions in Karambakkam. It is used to determine the stamp duty and registration fees payable, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is referenced to ascertain the minimum value at which the property can be registered. This ensures transparency and compliance with local regulations during the sale process.

Frequently asked questions

What is the current guideline value of Kaveri Nagar Main Road?

The current guideline value of Kaveri Nagar Main Road 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 Main Road?

The land classification for Kaveri Nagar Main Road is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Kaveri Nagar Main Road?

The Sub Registrar Office covering Kaveri Nagar Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Kaveri Nagar Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,80,000, the stamp duty would be Rs 1,73,600 at a rate of 7%.