Guideline Value for Kavery Nagar Beach 4th Street

Kavery Nagar Beach 4th Street guideline value

The current guideline value of Kavery Nagar Beach 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar SRO, classified as Residential Class III Type - I.

How the guideline value of Kavery Nagar Beach 4th Street has changed

The guideline value for Kavery Nagar Beach 4th Street has seen several revisions over the years. In the 2012 revision, the value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in the 2017 revision. This marked a decline of 33%. However, the value then rose significantly to Rs 3,000 per sq.ft in the 2023 revision, followed by another increase to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Kavery Nagar Beach 4th Street's 2024 figure below that median.

• Kavery Nagar Beach 3rd Street: Rs 3,300 per sq.ft (2024)
• Kavery Nagar Beach 5th Street: Rs 3,300 per sq.ft (2024)
• Kavery Nagar Beach 2nd Street: Rs 3,300 per sq.ft (2024)
• Kavery Nagar (Main Road): Rs 3,300 per sq.ft (2024)
• Kavery Nagar Beach 1st Street: Rs 3,300 per sq.ft (2024)
• Kavery Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kavery Nagar Beach 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kavery Nagar Beach 4th Street?

The Kavery Nagar Beach 4th Street falls under the Adayar Sub Registrar Office located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kottivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions adhere to legal requirements.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property. However, the registration office will charge duty based on the higher of the two values, which is an essential consideration for anyone engaging in property transactions in the area.

Frequently asked questions

What is the current guideline value of Kavery Nagar Beach 4th Street?

The current guideline value of Kavery Nagar Beach 4th 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 gone through several revisions, from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, with notable changes in between, including a decrease to Rs 2,010 per sq.ft in 2017.

What is the land classification of Kavery Nagar Beach 4th Street?

Kavery Nagar Beach 4th Street is classified as Residential Class III Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Kavery Nagar Beach 4th Street?

The Sub Registrar Office covering Kavery Nagar Beach 4th Street is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Kavery Nagar Beach 4th Street?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a plot valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.