Guideline Value for Kaviarasu Kannadasan Nagar 9th Block 5th Cross Street

Kaviarasu Kannadasan Nagar 9th Block 5th Cross Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 9th 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 falls under the land classification of Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 9th Block 5th Cross Street has changed

The guideline value for Kaviarasu Kannadasan Nagar 9th Block 5th Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which remained unchanged through the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no recorded figures for this street in the years 2002, 2003, 2007, and 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kodungaiyur

Kodungaiyur has a range of guideline values, with 1318 streets under the Madhavaram SRO carrying a 2024 figure between Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Kaviarasu Kannadasan Nagar 9th Block 5th Cross Street above that median.

• Kaviarasu Kannadasan Nagar 9th Block 4th Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 9th Main Road: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 9th Block 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 9th Block 3rd 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 9th Block 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 9th 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 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 duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 9th Block 5th Cross Street?

The Kaviarasu Kannadasan Nagar 9th 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 details.

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

The guideline value is a crucial factor when buying or selling property in Kodungaiyur, as it determines the minimum price at which a property can be registered. Buyers should be aware that the guideline value may influence the overall cost of purchasing a property, including the applicable stamp duty and registration fees.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges reflect the current market conditions as per the official guidelines set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 9th Block 5th Cross Street?

The current guideline value of Kaviarasu Kannadasan Nagar 9th 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 total increase of 10% over that period.

What is the stamp duty for property in this area?

The stamp duty for property in Kaviarasu Kannadasan Nagar 9th Block 5th Cross Street is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office is responsible for this street?

The Madhavaram Sub Registrar Office is responsible for Kaviarasu Kannadasan Nagar 9th Block 5th Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the guideline values for other streets in Kodungaiyur?

Other streets in Kodungaiyur have varying guideline values, with some streets like Kaviarasu Kannadasan Nagar 9th Block 4th Street and 9th Block 3rd Street also valued at Rs 3,300 per sq.ft in 2024.