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Guideline Value

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Guideline Value for Abirami Avenue 14th 2nd Lane

₹2700/sq.ft.

The guideline value for Abirami Avenue 14th 2nd Lane in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Abirami Avenue 14th 2nd Lane

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Abirami Avenue 14th 2nd Lane guideline value

The current guideline value of Abirami Avenue 14th 2nd Lane is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Abirami Avenue 14th 2nd Lane has changed

The guideline value for Abirami Avenue 14th 2nd Lane has seen several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017, marking a decline of 33%. However, the value increased significantly to Rs 2,500 per sq.ft in 2023, and further rose to the current value of Rs 2,700 per sq.ft in 2024, reflecting an 8% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been an 8% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

Kodungaiyur village has a range of guideline values across its 1,318 streets under the Madhavaram SRO, with values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value of Abirami Avenue 14th 2nd Lane.

Stamp duty and registration fee for property in Abirami Avenue 14th 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. 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 Abirami Avenue 14th 2nd Lane?

The Sub Registrar Office that covers Abirami Avenue 14th 2nd Lane is 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

The guideline value is a crucial factor during property transactions in Kodungaiyur, as it determines the minimum price at which a property can be registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and to accurately calculate associated costs.

When registering a property, the guideline value is used to assess stamp duty and registration fees. This ensures that all transactions adhere to the prescribed rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of Abirami Avenue 14th 2nd Lane?

The current guideline value of Abirami Avenue 14th 2nd Lane is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for this street?

Abirami Avenue 14th 2nd Lane is classified as Residential Class I Type - I.

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

The Madhavaram Sub Registrar Office covers Abirami Avenue 14th 2nd Lane, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,700 per sq.ft results in a total guideline value of Rs 27,00,000.