Guideline Value for KUDIYANAVAR VEETHI

Kudiyanavar Veethi guideline value

The current guideline value of Kudiyanavar Veethi is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur, under the Cheyyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Kudiyanavar Veethi has changed

Over the years, the guideline value of Kudiyanavar Veethi has seen several revisions. The most recent revision in 2024 maintains the value at Rs 400 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 268 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and a consistent 49% overall from 2017 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only recorded values are from 2017, 2023, and 2024.

Guideline values in Cheyyur - A

In the village of Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 101 per sq.ft, placing Kudiyanavar Veethi's 2024 figure above that median.

• Magaliamman Koil Street: Rs 102 per sq.ft (2024)
• Kanniyamman Kovil Street: Rs 350 per sq.ft (2024)
• Manivannan Nagar: Rs 300 per sq.ft (2024)
• MANTHAIVELI 1st CROSS STREET: Rs 101 per sq.ft (2024)
• MANTHAIVELI 2nd CROSS STREET: Rs 101 per sq.ft (2024)
• Mariyamman Kovil Street: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Kudiyanavar Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees together to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kudiyanavar Veethi?

The Kudiyanavar Veethi falls under the jurisdiction of the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value plays a crucial role in the registration process of property transactions in Cheyyur - A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Kudiyanavar Veethi?

The current guideline value of Kudiyanavar Veethi is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, while it increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Kudiyanavar Veethi?

Kudiyanavar Veethi is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Kudiyanavar Veethi?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 36,000 based on the current guideline value.

Where is the Cheyyur Sub Registrar Office located?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. This office handles the registration of properties in the Kudiyanavar Veethi area.