Guideline Value for Kaviarasu Kannadasan Nagar 5th Block 2nd Cross Street

Kaviarasu Kannadasan Nagar 5th Block 2nd Cross Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 5th Block 2nd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street 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 5th Block 2nd Cross Street has changed

The guideline value for Kaviarasu Kannadasan Nagar 5th Block 2nd Cross Street has seen several revisions over the years. The oldest recorded revision is from 2012, where the value was Rs 2,500 per sq.ft. The most recent revision in 2024 increased the guideline value to Rs 3,300 per sq.ft, marking a significant increase of 32% from the 2012 figure.

There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street. The guideline value has thus changed from Rs 2,500 in 2012 to Rs 3,300 in 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 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 of Kaviarasu Kannadasan Nagar 5th Block 2nd Cross Street is above this median.

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

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 5th Block 2nd 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 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, 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 use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 5th Block 2nd Cross Street?

The Kaviarasu Kannadasan Nagar 5th Block 2nd Cross Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Kodungaiyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to understand that the guideline value may influence the sale price. The higher of the guideline value or the sale price will determine the applicable stamp duty and registration fees during the registration process.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 5th Block 2nd Cross Street?

The current guideline value of Kaviarasu Kannadasan Nagar 5th Block 2nd Cross Street 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 changed from Rs 2,500 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, representing a 32% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Kodungaiyur?

Other streets in Kodungaiyur have varying guideline values. For instance, Kaviarasu Kannadasan Nagar 5th Block 1st Street, 2nd Street, 1st Cross Street, and 3rd Cross Street all share the same guideline value of Rs 3,300 per sq.ft in 2024.

What is the stamp duty for property in Kaviarasu Kannadasan Nagar 5th Block 2nd Cross Street?

The stamp duty for property in Kaviarasu Kannadasan Nagar 5th Block 2nd Cross Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 2,31,000.

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 find more information about your SRO by visiting the appropriate link.