Guideline Value for Kaviarasu Kannadasan Nagar 6th Block 4th Cross Street

Kaviarasu Kannadasan Nagar 6th Block 4th Cross Street guideline value

The current guideline value for Kaviarasu Kannadasan Nagar 6th Block 4th 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 it falls under the Residential Special Type - I land classification.

How the guideline value of Kaviarasu Kannadasan Nagar 6th Block 4th Cross Street has changed

Since the 2012 revision, the guideline value for Kaviarasu Kannadasan Nagar 6th Block 4th Cross Street has seen several changes. In 2012, the value was Rs 3,000 per sq.ft, which dropped to Rs 2,010 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, a rise of 49%. The current value of Rs 3,300 per sq.ft reflects a 10% increase from the 2023 revision, which was Rs 3,000 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from Rs 3,000 in 2012 to Rs 3,300 in 2024.

Guideline values in Kodungaiyur

Kodungaiyur village has a total of 1,318 streets under the Madhavaram SRO, with guideline values in 2024 ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, positioning Kaviarasu Kannadasan Nagar 6th Block 4th Cross Street above this median at Rs 3,300 per sq.ft.

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

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 6th Block 4th 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, totaling Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 6th Block 4th Cross Street?

The Kaviarasu Kannadasan Nagar 6th Block 4th 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 plays a crucial role during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the higher of the guideline value or the actual sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value for Kaviarasu Kannadasan Nagar 6th Block 4th Cross Street?

The current guideline value for Kaviarasu Kannadasan Nagar 6th Block 4th 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 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification for Kaviarasu Kannadasan Nagar 6th Block 4th Cross Street?

Kaviarasu Kannadasan Nagar 6th Block 4th Cross Street is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total cost of Rs 2,97,000 in fees based on the current guideline value.

Which office handles registrations for Kaviarasu Kannadasan Nagar 6th Block 4th Cross Street?

The Madhavaram Sub Registrar Office is responsible for handling registrations for Kaviarasu Kannadasan Nagar 6th Block 4th Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.