Guideline Value for Kaviarasu Kannadasan Nagar 7th Block 5th Cross Street

Kaviarasu Kannadasan Nagar 7th Block 5th Cross Street guideline value

The current guideline value for Kaviarasu Kannadasan Nagar 7th Block 5th 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 7th Block 5th Cross Street has changed

The guideline value for Kaviarasu Kannadasan Nagar 7th Block 5th Cross Street has seen several revisions over the years. The earliest recorded revision was in 2002, but there is no figure available for this street in that year. The next revision occurred in 2003, and again, there is no figure for this street. In 2007, no figure was recorded, followed by the 2012 revision, which set the guideline value at Rs 3,000 per sq.ft. This represented a significant increase of 10% compared to the previous value.

The most recent revision in 2024 raised the guideline value to Rs 3,300 per sq.ft. This change reflects an increase of 10% from the 2012 figure. Notably, there are no recorded figures for the years 2017 and 2023 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. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Kaviarasu Kannadasan Nagar 7th Block 5th Cross Street above this median.

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

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 7th Block 5th 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 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 7th Block 5th Cross Street?

The Kaviarasu Kannadasan Nagar 7th Block 5th Cross 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

When buying or selling property in Kodungaiyur, the guideline value plays a crucial role during the registration process. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

Buyers and sellers must be aware that the guideline value is used to calculate the fees, which are based on the higher of the guideline value or the sale price. This ensures that the appropriate taxes are collected during the registration of the property.

Frequently asked questions

What is the current guideline value for Kaviarasu Kannadasan Nagar 7th Block 5th Cross Street?

The current guideline value for Kaviarasu Kannadasan Nagar 7th Block 5th 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 3,300 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023.

What is the classification of Kaviarasu Kannadasan Nagar 7th Block 5th Cross Street?

Kaviarasu Kannadasan Nagar 7th Block 5th Cross Street is classified as Residential Special Type - I. This classification indicates the type of land use permitted in the area.

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

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

Where is the Madhavaram Sub Registrar Office located?

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.