Guideline Value for Kaveri Nagar

Kaveri Nagar guideline value

The current guideline value of Kaveri Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area is located in Ayyencheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Kaveri Nagar has changed

Over the years, the guideline value of Kaveri Nagar has seen several revisions. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a 200% increase. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, representing a decrease of 33% from the previous revision. The latest revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft, reflecting a 49% increase from 2017.

In summary, from the 2007 revision to the 2023 revision, the overall change in guideline value is an increase of 200%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. Kaveri Nagar falls under the Gooduvancheri SRO, which oversees the guideline values for this area.

Stamp duty and registration fee for property in Kaveri Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total Rs 1,35,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaveri Nagar?

Kaveri Nagar is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayyencheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is in line with the government's valuation standards. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Kaveri Nagar?

The current guideline value of Kaveri Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the stamp duty rate for property in Kaveri Nagar?

The stamp duty rate for property transactions in Kaveri Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Is there any guideline value for the revisions in 2002 and 2003?

No, the register has no figures for the revisions in 2002 and 2003 for Kaveri Nagar.