Guideline Value

Corporate

Guideline Value for K.K.D. Nagar 2nd Block 5th Lane

₹2200/sq.ft.

The guideline value for K.k.d. Nagar 2nd Block 5th 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 5th Lane

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K.K.D. Nagar 2nd Block 5th Lane guideline value

The current guideline value of K.K.D. Nagar 2nd Block 5th 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 5th Lane has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure was then reduced to Rs 1,340 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and further rose by 10% to Rs 2,200 per sq.ft in the 2024 revision.

From 2017 to 2023, there was an increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded 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, placing K.K.D. Nagar 2nd Block 5th Lane below this median.

Stamp duty and registration fee for property in K.K.D. Nagar 2nd Block 5th Lane

For a 1,000 sq.ft plot at the current rate, 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.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.D. Nagar 2nd Block 5th Lane?

The K.K.D. Nagar 2nd Block 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 in property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees at the time of property registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is important to consider the guideline value when making property decisions in the area.

Frequently asked questions

What is the current guideline value of K.K.D. Nagar 2nd Block 5th Lane?

The current guideline value of K.K.D. Nagar 2nd Block 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 seen several changes, with the most recent increase being from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, marking a 10% increase.

What is the land classification for K.K.D. Nagar 2nd Block 5th Lane?

K.K.D. Nagar 2nd Block 5th Lane is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area.

How is the stamp duty calculated for properties in K.K.D. Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at a rate of 7%.