Guideline Value for Kavery Nagar

Kavery Nagar guideline value

The current guideline value of Kavery Nagar, located in Vallam_B village under the Sriperumpudur SRO, is Rs 400 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Kavery Nagar has changed

The guideline value for Kavery Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the rate at Rs 400 per sq.ft, which is the same as the previous year's 2023 figure. Notably, the 2017 revision recorded a guideline value of Rs 268 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

It is important to note that there are no recorded figures for Kavery Nagar for the years 2012, 2007, 2003, and 2002. Overall, the guideline value has increased by 49% from 2017 to 2024.

Guideline values in Vallam_B

In Vallam_B village, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft. The median value is Rs 400 per sq.ft, making Kavery Nagar's 2024 figure equal to this median.

• K.R. Nagar: Rs 1,950 per sq.ft (2024)
• Kamarajar Street: Rs 400 per sq.ft (2024)
• Kamachi Nagar: Rs 200 per sq.ft (2024)
• Little Farms: Rs 200 per sq.ft (2024)
• Madha Koil Street: Rs 200 per sq.ft (2024)
• Jemi Housing VMR Nagar Phase 3: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kavery Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kavery Nagar?

Kavery Nagar is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Vallam_B. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements during the registration process.

When registering a property, the guideline value ensures that the government receives the appropriate revenue from transactions. It is essential for both parties to agree on the sale price, which should be at least equal to the guideline value to avoid penalties.

Frequently asked questions

What is the current guideline value of Kavery Nagar?

The current guideline value of Kavery Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, while it increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What is the median guideline value in Vallam_B?

The median guideline value in Vallam_B is Rs 400 per sq.ft, which is the same as the current value for Kavery Nagar.

What are the stamp duty and registration fees for Kavery Nagar?

For a 1,000 sq.ft plot in Kavery Nagar, the total guideline value is Rs 4,00,000. The stamp duty is Rs 28,000, and the registration fee is Rs 8,000, totaling Rs 36,000.

Which office handles property registrations for Kavery Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations for Kavery Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.