Guideline Value for Kaviarasu Kannadasan Nagar 5th Block 1st Cross Street

Kaviarasu Kannadasan Nagar 5th Block 1st Cross Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 5th Block 1st Cross Street is Rs 3,300 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, and it falls under the land classification of Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 5th Block 1st Cross Street has changed

According to the guideline value register, there are no figures available for Kaviarasu Kannadasan Nagar 5th Block 1st Cross Street for the years 2023, 2017, 2012, 2007, 2003, and 2002. The only available figure is from the 2024 revision, which is Rs 3,300 per sq.ft.

Since there are no previous figures for this street, no changes have been noted between revisions. The current rate is consistent with the guideline values set for other streets in the area.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO with a 2024 guideline value 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 5th Block 1st Cross Street above the median value.

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

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 5th Block 1st Cross Street

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, and the registration fee at 2% would be Rs 66,000, bringing the total to 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 calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 5th Block 1st Cross Street?

The Kaviarasu Kannadasan Nagar 5th Block 1st Cross Street falls under 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 is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value in their area to avoid any discrepancies during the registration process. Accurate knowledge of the guideline value can help facilitate smoother transactions and ensure that all legal obligations are met.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 5th Block 1st Cross Street?

The current guideline value of Kaviarasu Kannadasan Nagar 5th Block 1st Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

What is the land classification for Kaviarasu Kannadasan Nagar 5th Block 1st Cross Street?

Kaviarasu Kannadasan Nagar 5th Block 1st Cross Street is classified as Residential Special Type - I.

How many streets are there in Kodungaiyur under the Madhavaram SRO?

There are 1,318 streets in Kodungaiyur under the Madhavaram SRO that carry a 2024 guideline value.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft, which is lower than the current guideline value of Kaviarasu Kannadasan Nagar 5th Block 1st Cross Street.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can also find more information online.