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Guideline Value

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Guideline Value for K.K.D. Nagar 1st Block 1st Main Road, 1st Cross Street

₹2200/sq.ft.

The guideline value for K.k.d. Nagar 1st Block 1st Main Road, 1st Cross Street in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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 K.k.d. Nagar 1st Block 1st Main Road, 1st Cross Street

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K.K.D. Nagar 1st Block 1st Main Road, 1st Cross Street guideline value

The current guideline value for K.K.D. Nagar 1st Block 1st Main Road, 1st Cross Street is Rs 2,200 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 II Type - I land classification.

How the guideline value of K.K.D. Nagar 1st Block 1st Main Road, 1st Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. This figure decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a significant decline of 33%. However, the value saw an increase to Rs 2,200 per sq.ft in the 2024 revision, representing a rise of 64% from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has 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, with a median value of Rs 2,700 per sq.ft. The guideline value for K.K.D. Nagar 1st Block 1st Main Road, 1st Cross Street is below this median.

Stamp duty and registration fee for property in K.K.D. Nagar 1st Block 1st Main Road, 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 K.K.D. Nagar 1st Block 1st Main Road, 1st Cross Street?

The K.K.D. Nagar 1st Block 1st Main Road, 1st Cross Street is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with property transactions.

Frequently asked questions

What is the current guideline value for K.K.D. Nagar 1st Block 1st Main Road, 1st Cross Street?

The current guideline value for K.K.D. Nagar 1st Block 1st Main Road, 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then to Rs 2,200 per sq.ft in 2024. This reflects a decline from 2012 to 2017, followed by a significant increase to 2024.

What is the land classification for K.K.D. Nagar 1st Block 1st Main Road, 1st Cross Street?

The land classification for K.K.D. Nagar 1st Block 1st Main Road, 1st Cross Street is Residential Class II Type - I.

Which office handles registrations for this area?

The Madhavaram Sub Registrar Office handles registrations for K.K.D. Nagar 1st Block 1st Main Road, 1st Cross Street. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be calculated at 7% of this amount.