Guideline Value for Kaveri Street

Kaveri Street guideline value

The current guideline value of Kaveri Street in Koyakbedu village, under the AnnaNagar SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of Kaveri Street has changed

The guideline value for Kaveri Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 1,100 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 173% rise. However, the value then decreased to Rs 2,010 per sq.ft in 2017, which was a 33% drop. Following this, the value saw a substantial increase to Rs 3,000 per sq.ft in 2023, and then it rose again to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

It is important to note that there are no recorded figures for Kaveri Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Kaveri Street's 2024 figure below this median.

• kattabomman Street: Rs 3,300 per sq.ft (2024)
• kathiravan Colony: Rs 4,400 per sq.ft (2024)
• Kothavari street: Rs 3,300 per sq.ft (2024)
• Koyambedu School Road: Rs 3,300 per sq.ft (2024)
• Krishna Street: Rs 4,400 per sq.ft (2024)
• Kanagasabai Colony: Rs 3,300 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further assistance, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaveri Street?

Kaveri Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Koyakbedu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

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. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Kaveri Street?

The current guideline value of Kaveri Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 200%.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Kaveri Street?

Kaveri Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Kaveri Street?

Kaveri Street falls under the Residential Class I Type - III land classification.