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Guideline Value

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Guideline Value for K.K.D. Nagar 1st Block,2nd Main Road 5th Lane

₹2200/sq.ft.

The guideline value for K.k.d. Nagar 1st Block,2nd Main Road 5th 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 5th Lane

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K.K.D. Nagar 1st Block,2nd Main Road 5th Lane guideline value

The current guideline value for K.K.D. Nagar 1st Block,2nd Main Road 5th Lane is Rs 2,200 per sq.ft, effective from 1 July 2024. This street 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 5th Lane has changed

The guideline value for K.K.D. Nagar 1st Block,2nd Main Road 5th Lane has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in the 2017 revision. However, from 2017 to 2024, the guideline value increased significantly to Rs 2,200 per sq.ft, marking a 64% rise. Overall, from 2012 to 2024, there has been a 10% increase.

It is important to note that there are no figures available for the years 2023, 2007, 2003, and 2002 for this street. The changes in guideline values reflect the adjustments made during the specified revision years.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, indicating that K.K.D. Nagar 1st Block,2nd Main Road 5th Lane's current guideline value is below this median.

Stamp duty and registration fee for property in K.K.D. Nagar 1st Block,2nd Main Road 5th Lane

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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, totaling Rs 1,98,000. 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 detailed calculations.

Which Sub Registrar Office covers K.K.D. Nagar 1st Block,2nd Main Road 5th Lane?

The K.K.D. Nagar 1st Block,2nd Main Road 5th 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 when registering property transactions in Kodungaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it impacts the overall cost of the transaction. This value is updated periodically, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value for K.K.D. Nagar 1st Block,2nd Main Road 5th Lane?

The current guideline value for K.K.D. Nagar 1st Block,2nd Main Road 5th 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, reflecting a 64% rise from 2017 to 2024.

What is the land classification for this area?

The land classification for K.K.D. Nagar 1st Block,2nd Main Road 5th Lane is Residential Class II Type - I.

Where can I find the Madhavaram Sub Registrar Office?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of 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 Rs 1,54,000.