Guideline Value for Kaveri Theru

Kaveri Theru guideline value

The current guideline value of Kaveri Theru is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kaveri Theru has changed

Over the years, the guideline value of Kaveri Theru has undergone several revisions. In 2012, the value was Rs 1,800 per sq.ft. This figure saw a decrease to Rs 1,206 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, and then further rose to Rs 1,980 per sq.ft in the 2024 revision.

To summarize the changes, the guideline value increased by 10% from 2023 to 2024, and by 49% from 2017 to 2023. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. Kaveri Theru's 2024 guideline value is below this median.

• Kavei Amman Koil Theru: Rs 1,650 per sq.ft (2024)
• Kattabomman Theru: Rs 1,980 per sq.ft (2024)
• Kasturi Bai Street: Rs 1,980 per sq.ft (2024)
• Kasthuri Street Extension: Rs 1,980 per sq.ft (2024)
• Kasthuri Nagar: Rs 3,960 per sq.ft (2024)
• Karumariyamman Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Kaveri Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. 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 Theru?

Kaveri Theru falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a critical factor in property transactions in Perungalathur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kaveri Theru?

The current guideline value of Kaveri Theru is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Kaveri Theru?

Kaveri Theru is classified as Residential Class III Type - I.

What is the registration office for Kaveri Theru?

The registration office for Kaveri Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Kaveri Theru?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.