Guideline Value for Kaveri Cross Street(sivasakthi nagar)

Kaveri Cross Street(sivasakthi nagar) guideline value

The current guideline value of Kaveri Cross Street(sivasakthi nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Kaveri Cross Street(sivasakthi nagar) has changed

The guideline value for Kaveri Cross Street(sivasakthi nagar) has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023 and has now reached Rs 1,600 per sq.ft in the 2024 revision, reflecting a 7% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The increase from 2007 to 2012 was substantial at 275%. Overall, from 2007 to 2024, the guideline value has risen by 300%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. Kaveri Cross Street(sivasakthi nagar) is above this median with its current guideline value of Rs 1,600 per sq.ft.

• Kaveri street(Sivasakthi nagar): Rs 1,600 per sq.ft (2024)
• KCC Garden: Rs 3,300 per sq.ft (2024)
• K.C.Daga Nagar: Rs 1,700 per sq.ft (2024)
• K.C.Daga Nagar Extn - I: Rs 1,700 per sq.ft (2024)
• K C Daga Nagar Extn - II: Rs 2,700 per sq.ft (2024)
• kasilingam Cross Street (Iyappan nagar etxn.): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kaveri Cross Street(sivasakthi nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total charges to Rs 1,44,000. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaveri Cross Street(sivasakthi nagar)?

The Sub Registrar Office covering Kaveri Cross Street(sivasakthi nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property in Ayappakkam. It serves as a benchmark for determining the minimum value of a property, which is crucial during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded at a value that reflects the government's assessment of property worth in the area.

Frequently asked questions

What is the current guideline value of Kaveri Cross Street(sivasakthi nagar)?

The current guideline value of Kaveri Cross Street(sivasakthi nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the land classification for Kaveri Cross Street(sivasakthi nagar)?

The land classification for Kaveri Cross Street(sivasakthi nagar) is Residential Special Type - III.

Where can I find the Sub Registrar Office for Kaveri Cross Street(sivasakthi nagar)?

The Sub Registrar Office for Kaveri Cross Street(sivasakthi nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ayappakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.