Guideline Value for Kaviarasu Kannadasan Nagar 4th Main Road

Kaviarasu Kannadasan Nagar 4th Main Road guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 4th Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 4th Main Road has changed

The guideline value for Kaviarasu Kannadasan Nagar 4th Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was a decrease of 33% from the previous figure of Rs 2,010 per sq.ft in the 2017 revision. However, the latest 2024 revision has increased the guideline value to Rs 3,300 per sq.ft, marking a significant increase of 64% from 2017.

Overall, from the 2012 revision to the 2024 revision, there has been a modest increase of 10%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, placing Kaviarasu Kannadasan Nagar 4th Main Road above this median.

• Kaviarasu Kannadasan Nagar 4th Block 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 5th Block 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 4th Block 4th Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 5th Block 1st Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 4th Block 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 5th Block 2nd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 4th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, making the total cost 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 4th Main Road?

The Kaviarasu Kannadasan Nagar 4th Main Road is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Kodungaiyur. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the registration of property documents.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the costs associated with property transactions. Ensuring compliance with these values helps in smooth registration processes at the Madhavaram SRO.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 4th Main Road?

The current guideline value of Kaviarasu Kannadasan Nagar 4th Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much 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, and then to Rs 3,300 per sq.ft in 2024. This reflects a 64% increase from 2017 to 2024 and an overall increase of 10% from 2012 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Kaviarasu Kannadasan Nagar 4th Main Road?

The Madhavaram Sub Registrar Office handles property registrations for Kaviarasu Kannadasan Nagar 4th Main Road, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that the property is registered at an official value, which is crucial for legal purposes.