Guideline Value for Kaveri Nagar

Kaveri Nagar guideline value

The current guideline value of Kaveri Nagar, located in Noombal village under the Kunrathur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Kaveri Nagar has changed

The guideline value for Kaveri Nagar has seen significant changes over the years. In the 2003 revision, the value was set at Rs 189 per sq.ft. This increased to Rs 670 per sq.ft in the 2017 revision, marking a substantial rise of 254%. The 2023 revision saw another increase to Rs 1,000 per sq.ft, which is a 49% rise from the previous figure. The most recent revision in 2024 has further raised the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for the revisions in 2002, 2007, and 2012 for Kaveri Nagar. Overall, from 2003 to 2024, the guideline value has increased by 482%.

Guideline values in Noombal

In Noombal, there are 164 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft, with a median value of Rs 2,090 per sq.ft. Kaveri Nagar's 2024 figure is below this median.

• Kendiraya Vihar: Rs 4,290 per sq.ft (2024)
• Kannabiran Street Cross Road: Rs 1,760 per sq.ft (2024)
• Kannabiran Street: Rs 1,760 per sq.ft (2024)
• Krishna Nagar: Rs 2,090 per sq.ft (2024)
• Kamatchi Nagar: Rs 1,760 per sq.ft (2024)
• Kulakarai 1st Street: Rs 2,090 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. Please note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kaveri Nagar?

The Sub Registrar Office that covers Kaveri Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

When buying or selling property in Noombal, the guideline value plays a crucial role in determining the registration fees and stamp duty. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the correct amount is paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of property transactions. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Kaveri Nagar?

The current guideline value of Kaveri Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2003 to 2024?

From 2003 to 2024, the guideline value has increased by 482%, moving from Rs 189 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024.

What are the other streets in Noombal with their guideline values?

In Noombal, other streets include Kendiraya Vihar at Rs 4,290 per sq.ft, Kannabiran Street Cross Road and Kannabiran Street both at Rs 1,760 per sq.ft, Krishna Nagar and Kulakarai 1st Street at Rs 2,090 per sq.ft, and Kamatchi Nagar at Rs 1,760 per sq.ft.

What fees are applicable when registering property in Kaveri Nagar?

The fees applicable when registering property in Kaveri Nagar include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.