Guideline Value for KAVERI NAGAR

Kaveri Nagar guideline value

The current guideline value of Kaveri Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Athipattu village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Kaveri Nagar has changed

The guideline value for Kaveri Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value to Rs 330 per sq.ft, representing a 10% increase from 2023 and a significant 64% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, the changes from 2017 to 2024 reflect a substantial rise in the guideline value.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO, with the 2024 guideline values ranging from Rs 220 to Rs 462 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is equal to the current guideline value of Kaveri Nagar.

• Karunya Nagar: Rs 330 per sq.ft (2024)
• K.G.S. Nagar: Rs 330 per sq.ft (2024)
• Karumariamman Nagar: Rs 330 per sq.ft (2024)
• Karpagam Ammal Nagar: Rs 330 per sq.ft (2024)
• Karaiyan Medu: Rs 330 per sq.ft (2024)
• Kannya Puram: Rs 330 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 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaveri Nagar?

Kaveri Nagar falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical reference for property transactions in Athipattu. It serves as the basis for calculating stamp duty and registration fees during the sale or purchase of property, ensuring that both parties are aware of the financial obligations involved.

When registering a property, the guideline value helps determine the official value of the property for legal and taxation purposes. This ensures transparency in property transactions and helps maintain a standard valuation across the region.

Frequently asked questions

What is the current guideline value of Kaveri Nagar?

The current guideline value of Kaveri Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and further to Rs 330 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

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

For a 1,000 sq.ft plot, the stamp duty is Rs 23,100 and the registration fee is Rs 6,600, totaling Rs 29,700. These fees are based on the guideline value of Rs 3,30,000.

Which office registers properties in Kaveri Nagar?

The Thiruvottiyur Sub Registrar Office is responsible for registering properties in Kaveri Nagar. It is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value determined in Athipattu?

The guideline value in Athipattu is determined by the Registration Department's guideline value register, which is revised periodically. It reflects the market conditions and property classifications in the area.