Guideline Value for KAVERI NAGAR

Kaveri Nagar guideline value

The current guideline value of Kaveri Nagar, located in Kovilkuppam village under the Manavalanagar SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Kaveri Nagar has changed

Over the years, the guideline value of Kaveri Nagar has experienced several revisions. In 2012, the value was set at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. Following this, the value increased significantly by 49% to Rs 300 per sq.ft in 2023, remaining unchanged in the 2024 revision.

The register has no figures for the years 2002, 2003, and 2007 for this street. The current guideline value of Rs 300 per sq.ft is the same as the figures from 2023 and 2012, indicating no overall change from 2012 to 2024.

Guideline values in Kovilkuppam

Kovilkuppam village has a total of 68 streets under the Manavalanagar SRO, with guideline values ranging from Rs 300 to Rs 800 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Kaveri Nagar's 2024 figure below this median.

• Kothandarama Naidu Nagar: Rs 350 per sq.ft (2024)
• Lakshmi Nagar: Rs 300 per sq.ft (2024)
• J.S.Nagar: Rs 700 per sq.ft (2024)
• Jothi Nagar: Rs 350 per sq.ft (2024)
• Manickam Nagar: Rs 350 per sq.ft (2024)
• Marudur Town: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaveri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaveri Nagar?

Kaveri Nagar falls under the jurisdiction of the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kovilkuppam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is assessed to determine the applicable fees, which can influence the overall cost of the transaction. Buyers and sellers should be aware of these values to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Kaveri Nagar?

The current guideline value of Kaveri Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 300 per sq.ft in 2023 and 2024, following a decrease to Rs 201 per sq.ft in 2017 from Rs 300 per sq.ft in 2012.

What is the land classification for Kaveri Nagar?

Kaveri Nagar falls under the Residential Class III Type - I land classification, indicating its designation for residential use.

What are the stamp duty and registration fees for property in Kaveri Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Kaveri Nagar?

The registration for Kaveri Nagar is handled by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.