Guideline Value for Kaviarasu Kannadasan Nagar 5th Block 4th Street

Kaviarasu Kannadasan Nagar 5th Block 4th Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 5th Block 4th 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 it is classified as Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 5th Block 4th Street has changed

The guideline value for Kaviarasu Kannadasan Nagar 5th Block 4th Street was last revised in 2024 to Rs 3,300 per sq.ft from the previous revision in 2012, which was Rs 3,000 per sq.ft. This change represents an increase of 10% over the 12-year period. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the only recorded revisions for this street are from 2012 to 2024, with no figures available for the intervening years. The increase from Rs 3,000 to Rs 3,300 indicates a significant change in the guideline value over the last decade.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft as of the 2024 revision. The median guideline value for the village is Rs 2,700 per sq.ft, placing Kaviarasu Kannadasan Nagar 5th Block 4th Street above this median.

• Kaviarasu Kannadasan Nagar 5th Block 3rd Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 5th Block 5th 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 5th Block 6th 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 7th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 5th Block 4th 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 fees together 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.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 5th Block 4th Street?

The Kaviarasu Kannadasan Nagar 5th Block 4th Street falls under the jurisdiction of the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the fees based on the higher value between the guideline and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 5th Block 4th Street?

The current guideline value of Kaviarasu Kannadasan Nagar 5th Block 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase over this period. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for this street?

Kaviarasu Kannadasan Nagar 5th Block 4th Street is classified as Residential Special Type - I. This classification is important for understanding the usage and development potential of the land.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all property registrations for the area.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied, which is calculated based on the same value.