Guideline Value

Corporate

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

₹2200/sq.ft.

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

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K.K.D. Nagar 2nd Block 2st Lane guideline value

The current guideline value of K.K.D. Nagar 2nd Block 2st 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 is classified as Residential Class II Type - I.

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

The guideline value for K.K.D. Nagar 2nd Block 2st Lane has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased to Rs 2,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 showed a decrease of 33%. Overall, comparing the values from 2012 to 2024, there has been a net increase of 10%. The years 2002, 2003, and 2007 have no figures listed for this street.

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, positioning K.K.D. Nagar 2nd Block 2st Lane below this median.

Stamp duty and registration fee for property in K.K.D. Nagar 2nd Block 2st 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, calculated at 7%, would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees 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.

For more information, you can use the stamp duty and registration fee calculator.

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

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

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

When purchasing or selling property in Kodungaiyur, the guideline value is a crucial factor in determining the stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, ensuring that the transaction is recorded accurately.

Understanding the guideline value helps both buyers and sellers navigate the registration process effectively. It serves as a reference point for property valuation and is essential for legal documentation during property transactions.

Frequently asked questions

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

The current guideline value of K.K.D. Nagar 2nd Block 2st Lane is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed as follows: Rs 2,000 per sq.ft in 2012, Rs 1,340 per sq.ft in 2017, Rs 2,000 per sq.ft in 2023, and finally Rs 2,200 per sq.ft in 2024.

What is the land classification of K.K.D. Nagar 2nd Block 2st Lane?

K.K.D. Nagar 2nd Block 2st Lane is classified as Residential Class II Type - I.

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

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Where is the Madhavaram Sub Registrar Office located?

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