Guideline Value for C.K. School Road

C.K. School Road guideline value

The current guideline value of C.K. School Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This road is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of C.K. School Road has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register shows no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with a 2024 guideline value range from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is the same as the current value for C.K. School Road.

• Chowdry Nagar Main Road: Rs 2,700 per sq.ft (2024)
• C.S.I. School Street: Rs 2,700 per sq.ft (2024)
• Chinna Kodungaiyur Road (School Road): Rs 2,700 per sq.ft (2024)
• Chandra Sekar Nagar 9th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 8th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 7th Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in C.K. School Road

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. Duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C.K. School Road?

The Sub Registrar Office that covers C.K. School Road 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 minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded at a fair value.

When you buy or sell a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of C.K. School Road?

The current guideline value of C.K. School Road 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 increased from Rs 2,500 per sq.ft in 2012 and 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase from the previous year.

What is the land classification for C.K. School Road?

C.K. School Road is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for C.K. School Road?

The Madhavaram Sub Registrar Office covers C.K. School Road and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for property in C.K. School Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at 7%.