Guideline Value for Kaviarasu Kannadasan Nagar 7th Main Road

Kaviarasu Kannadasan Nagar 7th Main Road guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 7th Main Road 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 Main Road has changed

The guideline value for Kaviarasu Kannadasan Nagar 7th Main Road has undergone several revisions over the years. The earliest recorded revision was in 2002, but the register has no figure for this street in that year. The next revision was in 2003, which also does not have a figure for this street. Following that, there were revisions in 2007 and 2017, both of which do not have figures available for this street. The 2012 revision set the guideline value at Rs 3,000 per sq.ft, which was a significant increase from the previous revisions. The latest revision in 2024 raised the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the 2012 figure.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 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 Main Road is above this median, indicating its relative position within the village.

• Kaviarasu Kannadasan Nagar 7th Main Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 8th Block 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 7th Block 9th Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 8th Block 1st Lane: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 7th Block 8th Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 8th Block 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 7th Main Road

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, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration fees would be Rs 2,97,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 7th Main Road?

The Kaviarasu Kannadasan Nagar 7th Main Road falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kodungaiyur

The guideline value is a crucial factor during property transactions in Kodungaiyur. It serves as the benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees. It is essential for both parties to understand that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Kaviarasu Kannadasan Nagar 7th Main Road?

The current guideline value for Kaviarasu Kannadasan Nagar 7th Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

What was the guideline value in 2012?

The guideline value for Kaviarasu Kannadasan Nagar 7th Main Road in 2012 was Rs 3,000 per sq.ft.

How much has the guideline value changed from 2012 to 2024?

The guideline value increased by 10% from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024.

What are the other streets in Kodungaiyur with the same guideline value?

Several other streets in Kodungaiyur also have a guideline value of Rs 3,300 per sq.ft for 2024. These include Kaviarasu Kannadasan Nagar 7th Main Cross Street, Kaviarasu Kannadasan Nagar 8th Block 1st Cross Street, and others.

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.