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Guideline Value

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

₹2200/sq.ft.

The guideline value for K.k.d. Nagar 2nd Block 1st Main Road 1st Lane in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. 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 ₹2000 /sq.ft.
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 2nd Block 1st Main Road 1st Lane

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

The current guideline value for K.K.D. Nagar 2nd Block 1st Main Road 1st Lane 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 2nd Block 1st Main Road 1st Lane has changed

The guideline value for K.K.D. Nagar 2nd Block 1st Main Road 1st Lane has seen several revisions over the years. In 2012, the value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. This was followed by an increase to Rs 2,000 per sq.ft in 2023, and finally, it rose to Rs 2,200 per sq.ft in 2024. The changes between these revisions include a decrease of 33% from 2012 to 2017, followed by a significant increase of 49% from 2017 to 2023, and a further increase of 10% from 2023 to 2024.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 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 2nd Block 1st Main Road 1st Lane is below this median.

Stamp duty and registration fee for property in K.K.D. Nagar 2nd Block 1st 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 would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information on fees.

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

The K.K.D. Nagar 2nd Block 1st Main Road 1st Lane is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process for buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the fees are based on a standardized valuation rather than the negotiated sale price. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

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

The current guideline value for K.K.D. Nagar 2nd Block 1st 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, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

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

K.K.D. Nagar 2nd Block 1st Main Road 1st Lane falls under the Residential Class II Type - I land classification.

Which Sub Registrar Office covers this area?

The Madhavaram Sub Registrar Office covers K.K.D. Nagar 2nd Block 1st Main Road 1st Lane, 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 higher of the guideline value or the sale price. For example, for a plot valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.