Guideline Value for Kaveri Street / Thiruvallur Nagar

Kaveri Street / Thiruvallur Nagar guideline value

The current guideline value of Kaveri Street / Thiruvallur Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kaveri Street / Thiruvallur Nagar has changed

The guideline value has seen significant changes over the years. In 2002, the value was Rs 230 per sq.ft, which increased to Rs 260 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, a 38% increase from the previous revision. By 2017, the guideline value had surged to Rs 1,507 per sq.ft, reflecting a remarkable 319% increase from 2007. In 2023, it further increased to Rs 2,250 per sq.ft, a 49% rise from 2017.

The most recent revision in 2024 set the guideline value at Rs 2,475 per sq.ft, which is a 10% increase from the 2023 figure. It is important to note that there is no figure available for Kaveri Street / Thiruvallur Nagar in the 2012 revision.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing Kaveri Street / Thiruvallur Nagar above this median at Rs 2,475 per sq.ft.

• Kaveri Street / Anna Nagar: Rs 2,750 per sq.ft (2024)
• Kattabooman Street (V.O.C. Nagar): Rs 2,750 per sq.ft (2024)
• Kattabooman Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Kattabooman Street (Mungil Lake): Rs 1,980 per sq.ft (2024)
• Kattabomman Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)
• Kennadi Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kaveri Street / Thiruvallur Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, and the registration fee at 2% would be Rs 49,500. Together, the total cost for these fees would be Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaveri Street / Thiruvallur Nagar?

The Sub Registrar Office that covers Kaveri Street / Thiruvallur Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pammal, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

This value is also used by the government for various purposes, including taxation and land use planning. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Kaveri Street / Thiruvallur Nagar?

The current guideline value of Kaveri Street / Thiruvallur Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 230 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, reflecting an overall increase of 976% over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which means Kaveri Street / Thiruvallur Nagar's value is above this median.

What are the stamp duty and registration fees for properties in Kaveri Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 24,75,000, the total fees would amount to Rs 2,22,750.

Which office handles registrations for Kaveri Street / Thiruvallur Nagar?

The Pammal Sub Registrar Office handles registrations for Kaveri Street / Thiruvallur Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.