Guideline Value for Kaveri Street

Kaveri Street guideline value

The current guideline value of Kaveri Street in Ambattur village is Rs 6,600 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur Sub Registrar Office (SRO) and is classified as Commercial Class I Type - II.

How the guideline value of Kaveri Street has changed

The guideline value for Kaveri Street has seen several revisions over the years. In 2012, the guideline value was Rs 6,000 per sq.ft. This figure decreased to Rs 4,020 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 6,000 per sq.ft in 2023, followed by a further increase to Rs 6,600 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Kaveri Street's 2024 guideline value is above this median.

• Kavi kambar Street (Thiruvalluvar Nagar): Rs 2,500 per sq.ft (2024)
• Karunanithi Street: Rs 3,600 per sq.ft (2024)
• Kapilar Street: Rs 3,600 per sq.ft (2024)
• KokilaAmmal Street: Rs 2,500 per sq.ft (2024)
• Krishna Iyer Street: Rs 4,000 per sq.ft (2024)
• Krishnaji sukkal Street: Rs 4,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kaveri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaveri Street?

Kaveri Street is covered by 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 Ambattur

The guideline value is a crucial factor when registering property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value assigned to the property. This is essential for maintaining transparency and fairness in real estate dealings.

Frequently asked questions

What is the current guideline value of Kaveri Street?

The current guideline value of Kaveri Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the land classification of Kaveri Street?

Kaveri Street is classified as Commercial Class I Type - II under the guideline value register.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is 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 Kaveri Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 4,62,000.