Guideline Value for KAVERI NAGAR

Kaveri Nagar guideline value

The current guideline value of Kaveri Nagar, located in Minjur village under the Ponneri SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Kaveri Nagar has changed

The guideline value for Kaveri Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in 2023. The latest revision in 2024 has raised the guideline value to Rs 550 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, and the overall change from 2017 to 2024 is an increase of 64%. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Minjur

In Minjur village, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median value is Rs 550 per sq.ft, making Kaveri Nagar's 2024 figure equal to this median.

• Kattur Road: Rs 440 per sq.ft (2024)
• K.G.L. Nagar: Rs 440 per sq.ft (2024)
• K.G.L.Prabu Nagar: Rs 550 per sq.ft (2024)
• K.G.L.Prabu Nagar(I.II,III,): Rs 550 per sq.ft (2024)
• Karpaga Kamala Vinayagar Nagar: Rs 550 per sq.ft (2024)
• Karmel Nagar: Rs 550 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. 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 Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is essential during property transactions in Minjur, as it determines the minimum value at which property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kaveri Nagar?

The current guideline value of Kaveri Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft in 2024, which is an overall increase of 64%.

What is the stamp duty rate for properties in Kaveri Nagar?

The stamp duty rate for properties in Kaveri Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What are the other streets in Minjur with similar guideline values?

Other streets in Minjur with similar guideline values include K.G.L.Prabu Nagar, Karpaga Kamala Vinayagar Nagar, and Karmel Nagar, all valued at Rs 550 per sq.ft in 2024.