Guideline Value for Kaviarasu Kannadasan Nagar 6th Block 3rd Street

Kaviarasu Kannadasan Nagar 6th Block 3rd Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 6th Block 3rd 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 3rd Street has changed

The guideline value for Kaviarasu Kannadasan Nagar 6th Block 3rd Street has seen several revisions over the years. In 2012, the value was Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and then further rose to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the revisions, the most notable changes include a 49% increase from 2017 to 2023 and a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 in 2024. The median guideline value in this area is Rs 2,700 per sq.ft, indicating that Kaviarasu Kannadasan Nagar 6th Block 3rd Street's 2024 figure is above this median.

• Kaviarasu Kannadasan Nagar 6th Block 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 6th Block 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 6th Block 2nd Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 6th Block 4th Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 6th Block 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 6th Block 5th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 6th Block 3rd 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 be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 6th Block 3rd Street?

The Kaviarasu Kannadasan Nagar 6th Block 3rd 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

The guideline value plays a crucial role in the registration of property transactions in Kodungaiyur. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is referenced to calculate the necessary fees. This ensures that the transaction is recorded accurately and that all parties are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value for Kaviarasu Kannadasan Nagar 6th Block 3rd Street?

The current guideline value for Kaviarasu Kannadasan Nagar 6th Block 3rd 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 3rd Street is classified as Residential Special Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.

Which Sub Registrar Office covers this area?

The Madhavaram Sub Registrar Office covers Kaviarasu Kannadasan Nagar 6th Block 3rd Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.