Guideline Value for KAVERI STREET

Kaveri Street guideline value

The current guideline value of Kaveri Street is Rs 3,080 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Kaveri Street has changed

The guideline value for Kaveri Street has seen significant changes over the years. In 2002, the guideline value was Rs 397 per sq.ft. This increased to Rs 458 per sq.ft in 2003, marking a 15% rise. By 2007, the value surged to Rs 700 per sq.ft, reflecting a 53% increase. The next revision in 2012 saw a notable jump to Rs 2,800 per sq.ft, which was a 300% increase. However, in 2017, the value decreased to Rs 1,876 per sq.ft, showing a decline of 33%. The guideline value then rose to Rs 2,800 per sq.ft in 2023, before reaching the current figure of Rs 3,080 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 676%. There are no figures available for revisions in years not listed in the register.

Guideline values in Ekkaduthangal

Ekkaduthangal village has a total of 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 4,620 per sq.ft, positioning Kaveri Street's 2024 figure below this median.

• Kattabomman Street: Rs 4,620 per sq.ft (2024)
• Kasthuribai Gandhi Nagar: Rs 4,620 per sq.ft (2024)
• Karunai Street: Rs 3,080 per sq.ft (2024)
• Karpa Vinayagar Koil Street: Rs 3,520 per sq.ft (2024)
• Kothalamman Street: Rs 3,520 per sq.ft (2024)
• Kothandaraman Nagar: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Kaveri Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 30,80,000. The stamp duty at 7% amounts to Rs 2,15,600, and the registration fee at 2% is Rs 61,600, totaling Rs 2,77,200. Please note that the 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 Street?

Kaveri Street 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 Ekkaduthangal

The guideline value is an essential factor when registering property transactions in Ekkaduthangal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, aligning the sale price with the established guideline values.

Frequently asked questions

What is the current guideline value of Kaveri Street?

The current guideline value of Kaveri Street is Rs 3,080 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 397 per sq.ft in 2002 to Rs 3,080 per sq.ft in 2024, marking an overall increase of 676% over this period.

What is the median guideline value for streets in Ekkaduthangal?

The median guideline value for streets in Ekkaduthangal is Rs 4,620 per sq.ft, with Kaveri Street's 2024 figure being below this median.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,77,200, based on the current guideline value of Rs 30,80,000.

Which office handles the registration for Kaveri Street?

The Chennai South Joint I Sub Registrar Office handles the registration for Kaveri Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.