Guideline Value for Kaviarasu Kannadasan Nagar 7th Block 4th Street

Kaviarasu Kannadasan Nagar 7th Block 4th Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 7th Block 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 7th Block 4th Street has changed

In the 2012 revision, the guideline value was set at Rs 3,000 per sq.ft. This decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent revision in 2024 saw a significant increase to Rs 3,300 per sq.ft, which represents a rise of 64% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street.

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 for Kaviarasu Kannadasan Nagar 7th Block 4th Street is above this median.

• Kaviarasu Kannadasan Nagar 7th Block 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 7th Block 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 7th Block 3rd Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 7th Block 5th Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 7th Block 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 7th Block 6th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 7th Block 4th Street

For a 1,000 sq.ft plot at the current rate, the 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 7th Block 4th Street?

The Kaviarasu Kannadasan Nagar 7th Block 4th Street is covered by 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 a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the transaction.

When a property is sold, the guideline value ensures that the government receives the appropriate taxes based on the value of the property. Buyers should be aware of these values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 7th Block 4th Street?

The current guideline value of Kaviarasu Kannadasan Nagar 7th 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 changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, and then increased to Rs 3,300 per sq.ft in 2024. Overall, this represents a 10% increase from 2012 to 2024.

Which Sub Registrar Office covers this area?

The Madhavaram Sub Registrar Office covers Kaviarasu Kannadasan Nagar 7th Block 4th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the stamp duty and registration fees for a property here?

For a property valued at 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.

Where can I find more information about guideline values in Kodungaiyur?

More information about guideline values in Kodungaiyur can be found in the registration department's guideline value register, which includes various streets and their respective values.