Guideline Value for Kaveri Street

Kaveri Street guideline value

The current guideline value of Kaveri Street in Peerklankaranai village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and 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. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,340 per sq.ft. The value remained at Rs 2,000 per sq.ft until the 2023 revision, which increased it to Rs 2,000 per sq.ft. The most recent 2024 revision raised the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, Kaveri Street's guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 concerning this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO carrying a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, positioning Kaveri Street's 2024 value above this median.

• Kattabomman Street: Rs 1,320 per sq.ft (2024)
• Kattabomman 5th Cross st: Rs 880 per sq.ft (2024)
• Kattabomman 4th Cross st: Rs 880 per sq.ft (2024)
• Kattabomman 3rd Cross st: Rs 880 per sq.ft (2024)
• Kattabomman 2nd Cross st: Rs 880 per sq.ft (2024)
• Kattabomman 1st Cross st: Rs 880 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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?

Kaveri Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When registering a property, the guideline value helps ensure that the transaction is recorded at a fair value, which can influence the overall cost of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Kaveri Street?

The current guideline value of Kaveri Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, representing a 10% increase. It was Rs 1,340 per sq.ft in 2017 and Rs 2,000 per sq.ft in 2012.

What is the land classification for Kaveri Street?

Kaveri Street is classified as Residential Special Type - I under the guideline value register.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office handles registrations for Kaveri Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Kaveri Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.