Guideline Value for Kaveri Street

Kaveri Street guideline value

The current guideline value of Kaveri Street, located in Anakaputhur village under the Pammal SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Kaveri Street has changed

The guideline value for Kaveri Street has seen significant revisions over the years. In 2003, the value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This was a notable rise of 39%. The value then surged to Rs 1,072 per sq.ft in 2017, marking a substantial increase of 257%. Following this, the 2023 revision set the value at Rs 1,600 per sq.ft, reflecting an increase of 49% from the previous figure. The most recent revision in 2024 has raised the guideline value to Rs 1,760 per sq.ft, which is a 10% increase from 2023.

It is important to note that the register has no figures for Kaveri Street for the years 2002 and 2012. Overall, from 2003 to 2024, the guideline value has increased by 715%.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO, with guideline values for 2024 ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value in this area is Rs 1,980 per sq.ft, placing Kaveri Street's 2024 figure below this median.

• Kattabooman Street (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• K.B.R. Nagar: Rs 1,760 per sq.ft (2024)
• Kennadi Nagar 3rd Street: Rs 2,350 per sq.ft (2024)
• Kennadi Nagar IInd Street: Rs 2,350 per sq.ft (2024)
• Kennadi Nagar Ist Street: Rs 2,350 per sq.ft (2024)
• Kenndy Nagar: Rs 2,350 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 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaveri Street?

Kaveri Street is covered by 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 Anakaputhur

The guideline value plays a crucial role in property transactions in Anakaputhur. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the buyer must pay the stamp duty based on the higher amount between the guideline value and the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kaveri Street?

The current guideline value of Kaveri Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 216 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 715% over this period.

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

The stamp duty for a property on Kaveri Street is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,58,400.

Which office handles the registration for Kaveri Street?

The Pammal Sub Registrar Office handles the registration for Kaveri Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Kaveri Street?

Kaveri Street is classified as Residential Class II Type - I, which indicates its suitability for residential development.