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

Kaviarasu Kannadasan Nagar 7th Block 5th Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 7th Block 5th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, with a land classification of Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 7th Block 5th Street has changed

The guideline value for Kaviarasu Kannadasan Nagar 7th Block 5th Street has undergone several revisions. The earliest record is from the 2012 revision, which set the value at Rs 2,500 per sq.ft. The most recent revision in 2024 increased this value to Rs 3,300 per sq.ft, reflecting a change of +32% from the 2012 figure.

There are no figures available for the revisions in the years 2002, 2003, 2007, 2017, and 2023 for this street. The guideline value has thus seen significant changes primarily between the 2012 and 2024 revisions.

Guideline values in Kodungaiyur

In Kodungaiyur, the guideline values for 2024 range 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 5th Street is above this median, indicating a higher valuation compared to many other streets in the area.

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

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 7th Block 5th 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, charged at 7%, would be Rs 2,31,000, and the registration fee, charged at 2%, would be Rs 66,000, bringing the total cost for stamp duty and registration to Rs 2,97,000. Duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

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

The Kaviarasu Kannadasan Nagar 7th Block 5th 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 is crucial as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

It is important to note that the guideline value may differ from the actual sale price, but the duty is charged on the higher of the two. This ensures that all transactions are recorded fairly and transparently in the registration process.

Frequently asked questions

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

The current guideline value for Kaviarasu Kannadasan Nagar 7th Block 5th 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 2,500 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, marking an increase of +32%. There are no figures available for the years 2003, 2007, 2017, and 2023 for this street.

What are the guideline values for other streets in Kodungaiyur?

In Kodungaiyur, other streets have a guideline value of Rs 3,300 per sq.ft as well. This indicates that Kaviarasu Kannadasan Nagar 7th Block 5th Street shares the same valuation as several other streets in the area.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would amount to Rs 2,31,000.

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 Kaviarasu Kannadasan Nagar area.