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Guideline Value

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Guideline Value for Dr. M.A.M. Ramasamy Nagar (Thiruvalluvar Salai)

₹2700/sq.ft.

The guideline value for Dr. M.a.m. Ramasamy Nagar (thiruvalluvar Salai) 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 Dr. M.a.m. Ramasamy Nagar (thiruvalluvar Salai)

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Dr. M.A.M. Ramasamy Nagar (Thiruvalluvar Salai) guideline value

The current guideline value of Dr. M.A.M. Ramasamy Nagar (Thiruvalluvar Salai) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Dr. M.A.M. Ramasamy Nagar (Thiruvalluvar Salai) has changed

The guideline value for Dr. M.A.M. Ramasamy Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 has further increased the value to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with the 2024 guideline 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 matches the current value for Dr. M.A.M. Ramasamy Nagar.

Stamp duty and registration fee for property in Dr. M.A.M. Ramasamy Nagar (Thiruvalluvar Salai)

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, totaling 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. M.A.M. Ramasamy Nagar (Thiruvalluvar Salai)?

The Sub Registrar Office that covers Dr. M.A.M. Ramasamy 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 plays a crucial role in the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the buyer must pay the stamp duty based on the higher value between the guideline value and the actual sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dr. M.A.M. Ramasamy Nagar?

The current guideline value of Dr. M.A.M. Ramasamy Nagar (Thiruvalluvar Salai) 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 increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the stamp duty rate for properties in Dr. M.A.M. Ramasamy Nagar?

The stamp duty rate for properties in Dr. M.A.M. Ramasamy Nagar is 7% of the guideline value or the sale price, whichever is higher.

What are the registration fees for property transactions?

The registration fee for property transactions in Dr. M.A.M. Ramasamy Nagar is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details through the provided link.