Guideline Value for Kavery Street(GANGA NAGAR)

Kavery Street(GANGA NAGAR) guideline value

The current guideline value of Kavery Street(GANGA NAGAR) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village under the Alandur SRO, classified as Residential Class I Type - I.

How the guideline value of Kavery Street(GANGA NAGAR) has changed

The guideline value for Kavery Street(GANGA NAGAR) has undergone several revisions over the years. In 2007, the guideline value was Rs 650 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this value decreased to Rs 2,010 per sq.ft in 2017. The subsequent revision in 2023 raised it to Rs 3,000 per sq.ft, and the latest revision in 2024 set the value at Rs 3,300 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

In terms of percentage changes, the guideline value increased by 362% from 2007 to 2012, decreased by 33% from 2012 to 2017, and saw a significant increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has risen by 408%.

Guideline values in Moovarasampattu

Moovarasampattu village has a total of 68 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Kavery Street(GANGA NAGAR).

• Kulakkarai Street: Rs 3,300 per sq.ft (2024)
• Madipakkam Main Road: Rs 3,300 per sq.ft (2024)
• Medavakkam Main Road: Rs 5,500 per sq.ft (2024)
• Gothavari Street(GANGA NAGAR): Rs 3,300 per sq.ft (2024)
• Gokulam Nagar Base 2: Rs 4,400 per sq.ft (2024)
• Gokulam Nagar 3rd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kavery Street(GANGA NAGAR)

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

Which Sub Registrar Office covers Kavery Street(GANGA NAGAR)?

Kavery Street(GANGA NAGAR) falls under the jurisdiction of the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Moovarasampattu. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value ensures that the taxes collected are based on a standardized value set by the authorities.

When a property is registered, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kavery Street(GANGA NAGAR)?

The current guideline value of Kavery Street(GANGA NAGAR) 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 changed from Rs 650 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 408% over the years.

What is the stamp duty rate applicable for properties in Kavery Street(GANGA NAGAR)?

The stamp duty for properties in Kavery Street(GANGA NAGAR) is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kavery Street(GANGA NAGAR)?

The Sub Registrar Office covering Kavery Street(GANGA NAGAR) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the guideline values for other streets in Moovarasampattu?

Other streets in Moovarasampattu have guideline values ranging from Rs 1,700 to Rs 5,500 per sq.ft, with Kavery Street(GANGA NAGAR) at Rs 3,300 per sq.ft, which is equal to the median value for the area.