Guideline Value for KAVERI SREET

Kaveri Sreet guideline value

The current guideline value of Kaveri Sreet in Vengathur village is Rs 1,300 per sq.ft, effective from the 2024 revision. This falls under the Manavalanagar SRO and is classified as Commercial Class I Type - III land.

How the guideline value of Kaveri Sreet has changed

The guideline value for Kaveri Sreet has seen several revisions over the years. In the 2007 revision, the value was set at Rs 150 per sq.ft, which significantly increased to Rs 1,300 per sq.ft in the 2012 revision. However, this value decreased by 33% to Rs 871 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 1,300 per sq.ft, which remains unchanged in the 2024 revision.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 767%. It is important to note that there are no figures available for Kaveri Sreet in the 2002 and 2003 revisions.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. Kaveri Sreet's 2024 guideline value of Rs 1,300 per sq.ft is above this median.

• Kattapomman Street: Rs 1,000 per sq.ft (2024)
• K.C.Sammandhanar Street: Rs 800 per sq.ft (2024)
• KARUNANITHI NAGAR 4th CROSS STREET: Rs 1,300 per sq.ft (2024)
• KARUNANITHI NAGAR 3rd CROSS STREET: Rs 1,000 per sq.ft (2024)
• KARUNANITHI NAGAR 2nd CROSS STREET: Rs 1,300 per sq.ft (2024)
• Karunanithi Nagar 1st Cross Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaveri Sreet

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaveri Sreet?

Kaveri Sreet 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 information.

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

The guideline value is a crucial factor during property registration in Vengathur. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in determining the minimum price at which the property can be registered. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kaveri Sreet?

The current guideline value of Kaveri Sreet is Rs 1,300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, then decreased to Rs 871 per sq.ft in 2017, and has remained at Rs 1,300 per sq.ft in both the 2023 and 2024 revisions.

What is the classification of land on Kaveri Sreet?

Kaveri Sreet is classified as Commercial Class I Type - III land under the Manavalanagar SRO.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where is the Sub Registrar Office for Kaveri Sreet located?

The Manavalanagar Sub Registrar Office is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.