Guideline Value for Kaveri Street

Kaveri Street guideline value

The current guideline value of Kaveri Street in Oragadam village, under the Ambattur SRO, is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - I.

How the guideline value of Kaveri Street has changed

The guideline value for Kaveri Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2012, marking a rise of 267%. However, it then decreased to Rs 1,474 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 2,200 per sq.ft in 2023, and most recently, it has increased to Rs 2,400 per sq.ft in 2024, reflecting a 9% increase from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 300%. The revisions indicate a fluctuating pattern in the valuation of Kaveri Street, with significant increases and decreases over the years.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a guideline value for 2024 ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Kaveri Street's 2024 value above this median.

• Kattabomman Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Kasthuribai Street: Rs 1,600 per sq.ft (2024)
• Kennady Street: Rs 2,400 per sq.ft (2024)
• Kesavapillai Koil Street: Rs 1,800 per sq.ft (2024)
• Koil Cross Street: Rs 1,800 per sq.ft (2024)
• Koil Street (Gandhi Nagar): Rs 1,800 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 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaveri Street?

Kaveri Street falls under the jurisdiction of 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 Oragadam

The guideline value is a crucial factor when registering property transactions in Oragadam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the official value of the property, which is essential for legal documentation and taxation purposes. Buyers and sellers should be aware of the current guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kaveri Street?

The current guideline value of Kaveri Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the land classification of Kaveri Street?

Kaveri Street is classified as Residential Special Type - I, indicating its suitability for residential development.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,16,000.

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.