Guideline Value for Kaviarasu Kannadasan Nagar 8th Block 3th Cross Street

Kaviarasu Kannadasan Nagar 8th Block 3th Cross Street guideline value

The current guideline value for Kaviarasu Kannadasan Nagar 8th Block 3th 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 land classification of Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 8th Block 3th Cross Street has changed

The guideline value for this street has undergone several revisions over the years. The earliest recorded revision was in 2012, setting the value at Rs 2,500 per sq.ft. This was followed by an increase to Rs 3,000 per sq.ft in 2023, marking a 20% rise from the previous revision. The most recent revision in 2024 raised the value further to Rs 3,300 per sq.ft, reflecting a 10% increase from 2023. Overall, from 2012 to 2024, the guideline value has increased by 32%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only relevant revisions are from 2012, 2023, and 2024.

Guideline values in Kodungaiyur

Kodungaiyur village has a total of 1318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, making the current value of Rs 3,300 per sq.ft for Kaviarasu Kannadasan Nagar 8th Block 3th Cross Street above the median.

• Kaviarasu Kannadasan Nagar 8th Block 3rd Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 8th Block 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 8th Block 3rd Lane: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 8th Block 4th Lane: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 8th Block 3th Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 8th Block 4th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 8th Block 3th 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, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the 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 8th Block 3th Cross Street?

The Kaviarasu Kannadasan Nagar 8th Block 3th Cross Street is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must be aware of the current guideline value to avoid any discrepancies during the registration process. This value helps in establishing a fair price for the property, ensuring transparency in the transaction.

Frequently asked questions

What is the current guideline value for Kaviarasu Kannadasan Nagar 8th Block 3th Cross Street?

The current guideline value for Kaviarasu Kannadasan Nagar 8th Block 3th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 2,500 per sq.ft to Rs 3,300 per sq.ft in 2024. The most recent increase was from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024.

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

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 33,00,000, the total fees would amount to Rs 2,97,000.

Which office handles registrations for Kaviarasu Kannadasan Nagar 8th Block 3th Cross Street?

The Madhavaram Sub Registrar Office handles registrations for Kaviarasu Kannadasan Nagar 8th Block 3th Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for this street?

Kaviarasu Kannadasan Nagar 8th Block 3th Cross Street is classified as Residential Special Type - I, indicating its suitability for residential development.