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Guideline Value

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Guideline Value for K.K.D. Nagar 1st Block 2nd Main Road 1st Lane

₹2200/sq.ft.

The guideline value for K.k.d. Nagar 1st Block 2nd Main Road 1st Lane 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 2nd Main Road 1st Lane

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K.K.D. Nagar 1st Block 2nd Main Road 1st Lane guideline value

The current guideline value of K.K.D. Nagar 1st Block 2nd Main Road 1st Lane is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of K.K.D. Nagar 1st Block 2nd Main Road 1st Lane has changed

The guideline value has undergone several revisions over the years. In 2012, the value was set at Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in the 2017 revision. This was a significant drop of 33%. However, the latest revision in 2024 saw an increase to Rs 2,200 per sq.ft, marking a rise of 64% from the 2017 figure.

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

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1318 streets under the Madhavaram SRO, with guideline values in 2024 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, placing K.K.D. Nagar 1st Block 2nd Main Road 1st Lane below this median.

Stamp duty and registration fee for property in K.K.D. Nagar 1st Block 2nd Main Road 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total fees Rs 1,98,000. It is important to note that 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 K.K.D. Nagar 1st Block 2nd Main Road 1st Lane?

The K.K.D. Nagar 1st Block 2nd Main Road 1st Lane falls under 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 in property transactions as it determines the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning for their transactions.

When a property is sold, the guideline value serves as a benchmark to calculate the applicable fees. It is essential for both parties in the transaction to understand this value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of K.K.D. Nagar 1st Block 2nd Main Road 1st Lane?

The current guideline value of K.K.D. Nagar 1st Block 2nd Main Road 1st Lane 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 increased to Rs 2,200 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023 for this street.

What is the land classification for K.K.D. Nagar 1st Block 2nd Main Road 1st Lane?

The land classification for K.K.D. Nagar 1st Block 2nd Main Road 1st Lane is Residential Class II Type - I.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, making the total fees Rs 1,98,000.

Which office handles registrations for this area?

The Madhavaram Sub Registrar Office handles registrations for K.K.D. Nagar 1st Block 2nd Main Road 1st Lane, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.