Guideline Value for Kaviarasu Kannadasan Nagar 9th Block 2nd Cross Street

Kaviarasu Kannadasan Nagar 9th Block 2nd Cross Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 9th Block 2nd 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 9th Block 2nd Cross Street has changed

The guideline value for Kaviarasu Kannadasan Nagar 9th Block 2nd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and further rose to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change is an increase of 10%. Notably, the value surged by 49% from 2017 to 2023. It is important to mention that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, positioning Kaviarasu Kannadasan Nagar 9th Block 2nd Cross Street above this median at Rs 3,300 per sq.ft.

• Kaviarasu Kannadasan Nagar 9th Block 1st Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 9th Block 2nd Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 9th Block 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 9th Block 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 8th Main Road: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 9th Block 3rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 9th Block 2nd 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 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 9th Block 2nd Cross Street?

The Kaviarasu Kannadasan Nagar 9th Block 2nd Cross Street falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kodungaiyur. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value serves as a benchmark for determining the applicable stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 9th Block 2nd Cross Street?

The current guideline value of Kaviarasu Kannadasan Nagar 9th Block 2nd 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 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for this street?

Kaviarasu Kannadasan Nagar 9th Block 2nd Cross Street is classified as Residential Special Type - I.

What is the median guideline value in Kodungaiyur?

The median guideline value for streets in Kodungaiyur is Rs 2,700 per sq.ft, with Kaviarasu Kannadasan Nagar 9th Block 2nd Cross Street being above this median at Rs 3,300 per sq.ft.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office, which covers Kaviarasu Kannadasan Nagar 9th Block 2nd Cross Street, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.