Guideline Value for Kaviarasu Kannadasan Nagar 3rd Block 1st Lane

Kaviarasu Kannadasan Nagar 3rd Block 1st Lane guideline value

The current guideline value for Kaviarasu Kannadasan Nagar 3rd Block 1st Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 3rd Block 1st Lane has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, which is a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Kaviarasu Kannadasan Nagar 3rd Block 1st Lane is above this median.

• Kaviarasu Kannadasan Nagar 2nd Main Road: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 3rd Block 1st Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 2nd Block 7th Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 3rd Block 2nd Lane: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 2nd Block 6th Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 3rd Block 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 3rd Block 1st Lane

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 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 higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 3rd Block 1st Lane?

The Kaviarasu Kannadasan Nagar 3rd Block 1st Lane falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

During the registration of a property, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for both parties to be aware of this value to facilitate a smooth transaction and avoid any legal complications.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 3rd Block 1st Lane?

The current guideline value for Kaviarasu Kannadasan Nagar 3rd Block 1st Lane 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 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000. The stamp duty at 7% is Rs 2,31,000, and the registration fee at 2% is Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for this area?

The Madhavaram Sub Registrar Office handles the registration for Kaviarasu Kannadasan Nagar 3rd Block 1st Lane, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Kaviarasu Kannadasan Nagar 3rd Block 1st Lane?

The land classification for Kaviarasu Kannadasan Nagar 3rd Block 1st Lane is Residential Special Type - I.