Guideline Value for Kaviarasu Kannadasan Nagar 6th Block 2nd Cross Street

Kaviarasu Kannadasan Nagar 6th Block 2nd Cross Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 6th 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 6th Block 2nd Cross Street has changed

The guideline value for Kaviarasu Kannadasan Nagar 6th Block 2nd Cross Street 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 Rs 2,010 per sq.ft noted in the 2017 revision. The 2023 revision increased the value to Rs 3,000 per sq.ft, and the latest 2024 revision raised it further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, reflecting a 49% rise from 2017 to 2023 and an overall increase of 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with 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 6th Block 2nd Cross Street's 2024 value above the median.

• Kaviarasu Kannadasan Nagar 6th Block 2nd Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 6th Block 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 6th Block 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 5th Main Road: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 6th Block 3rd Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 5th Main Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 6th 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 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 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 6th Block 2nd Cross Street?

The Kaviarasu Kannadasan Nagar 6th Block 2nd Cross Street falls under 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

When buying or selling property in Kodungaiyur, the guideline value plays a crucial role in determining the stamp duty and registration fees. This value is used as a baseline for calculating the costs associated with property transactions, ensuring that the fees are in line with the current market standards.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall financial obligations during the registration process. The guideline value serves as a reference point for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 6th Block 2nd Cross Street?

The current guideline value of Kaviarasu Kannadasan Nagar 6th Block 2nd Cross 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 has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for this street?

Kaviarasu Kannadasan Nagar 6th Block 2nd Cross Street is classified as Residential Special Type - I, indicating its intended use for residential purposes.

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 the registration of properties in the area.

What are the other streets with the same guideline value in Kodungaiyur?

Other streets in Kodungaiyur with the same guideline value of Rs 3,300 per sq.ft include Kaviarasu Kannadasan Nagar 6th Block 1st Cross Street, 6th Block 2nd Street, 6th Block 3rd Cross Street, 5th Main Road, 6th Block 3rd Street, and 5th Main Cross Street.