Guideline Value for Kaveri Street (Sri Nagar Colony)

Kaveri Street (Sri Nagar Colony) guideline value

The current guideline value of Kaveri Street (Sri Nagar Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Kaveri Street (Sri Nagar Colony) has changed

The guideline value for Kaveri Street (Sri Nagar Colony) has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which saw a significant increase to Rs 2,500 per sq.ft in 2012, marking a rise of 525%. However, this value dropped to Rs 1,675 per sq.ft in the 2017 revision, a decrease of 33%. The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, reflecting an increase of 61% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 in the register for Kaveri Street (Sri Nagar Colony).

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are a total of 975 streets under the Ambattur SRO that carry a 2024 guideline value, with rates ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Kaveri Street (Sri Nagar Colony) above this median at Rs 2,700 per sq.ft.

• Kaveri Street (Sri Devi Nagar): Rs 2,400 per sq.ft (2024)
• Kavimani Street (J.B.Nagar): Rs 2,400 per sq.ft (2024)
• Kennedy Street (Sri Nagar Colony): Rs 2,700 per sq.ft (2024)
• Karunanidhi Nagar (K.K.Nagar): Rs 2,200 per sq.ft (2024)
• Kings Garden: Rs 1,100 per sq.ft (2024)
• Karumari Street (Devi Nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kaveri Street (Sri Nagar Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty, charged at 7%, would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaveri Street (Sri Nagar Colony)?

Kaveri Street (Sri Nagar Colony) falls under 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees, which are mandatory charges in property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kaveri Street (Sri Nagar Colony)?

The current guideline value of Kaveri Street (Sri Nagar Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 575%. There were fluctuations, including a decrease to Rs 1,675 per sq.ft in 2017.

What is the land classification for Kaveri Street (Sri Nagar Colony)?

Kaveri Street (Sri Nagar Colony) is classified as Residential Special Type - II. This classification impacts the guideline value and property regulations in the area.

What are the registration fees for property transactions in Kaveri Street (Sri Nagar Colony)?

For a plot of 1,000 sq.ft at the current guideline value, the total registration fees would amount to Rs 2,43,000, which includes stamp duty and registration fees.

Which Sub Registrar Office should I visit for Kaveri Street (Sri Nagar Colony)?

The Ambattur Sub Registrar Office covers Kaveri Street (Sri Nagar Colony), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.