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Guideline Value

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Guideline Value for Ambedkar Street (Krishnamoorthy Nagar)

₹2700/sq.ft.

The guideline value for Ambedkar Street (krishnamoorthy Nagar) in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. 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 N/A
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 Ambedkar Street (krishnamoorthy Nagar)

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Ambedkar Street (Krishnamoorthy Nagar) guideline value

The current guideline value of Ambedkar Street (Krishnamoorthy Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Ambedkar Street (Krishnamoorthy Nagar) has changed

The guideline value for Ambedkar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft. However, in the 2017 revision, this value decreased to Rs 1,675 per sq.ft, marking a decline of 33%. The most recent 2024 revision has increased the guideline value to Rs 2,700 per sq.ft, representing a significant increase of 61% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 8%. It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 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. The median value for these streets is Rs 2,700 per sq.ft, which matches the guideline value of Ambedkar Street.

Stamp duty and registration fee for property in Ambedkar Street (Krishnamoorthy Nagar)

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. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Ambedkar Street (Krishnamoorthy Nagar)?

The Sub Registrar Office that covers Ambedkar Street (Krishnamoorthy Nagar) 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 when registering property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable at the time of sale or purchase.

When a property is sold or bought, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the transaction is valued appropriately for tax purposes.

Frequently asked questions

What is the current guideline value of Ambedkar Street (Krishnamoorthy Nagar)?

The current guideline value of Ambedkar Street (Krishnamoorthy Nagar) 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, and then increased to Rs 2,700 per sq.ft in 2024. There are no figures available for the revisions in 2023, 2007, 2003, and 2002.

What is the land classification for Ambedkar Street?

Ambedkar Street (Krishnamoorthy Nagar) is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for properties in Ambedkar Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 27,00,000, the total fees would amount to Rs 2,43,000.

Where can I find the Sub Registrar Office for Ambedkar Street?

The Madhavaram Sub Registrar Office covers Ambedkar Street and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.