Guideline Value

Corporate

Guideline Value for K.K.D. Nagar 2nd Main Road

₹2700/sq.ft.

The guideline value for K.k.d. Nagar 2nd Main Road in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /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 Main Road

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K.K.D. Nagar 2nd Main Road guideline value

The current guideline value of K.K.D. Nagar 2nd Main Road is Rs 2,700 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 I Type - I.

How the guideline value of K.K.D. Nagar 2nd Main Road has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, representing an 8% rise from the previous year. Overall, from 2012 to 2024, there has been an 8% increase in the guideline value.

For the years 2002, 2003, 2007, and 2017, the register has no figure for K.K.D. Nagar 2nd Main Road. Therefore, the only revisions that apply to this street are from 2012, 2023, and 2024.

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 value is Rs 2,700 per sq.ft, which is equal to the current guideline value of K.K.D. Nagar 2nd Main Road.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, leading to a total of Rs 2,43,000. 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 accurate calculations.

Which Sub Registrar Office covers K.K.D. Nagar 2nd Main Road?

The K.K.D. Nagar 2nd Main Road falls under the jurisdiction of 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 key factor in property transactions as it determines the minimum price at which a property can be registered. When buying or selling property in Kodungaiyur, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it ensures compliance with local regulations during the registration process. This value plays a crucial role in the overall transaction, affecting both the buyer's and seller's financial obligations.

Frequently asked questions

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

The current guideline value of K.K.D. Nagar 2nd Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8%. The value remained unchanged at Rs 2,500 per sq.ft from 2012 to 2023.

What is the land classification for K.K.D. Nagar 2nd Main Road?

K.K.D. Nagar 2nd Main Road is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a 1,000 sq.ft property valued at Rs 2,700 per sq.ft, the total guideline value is Rs 27,00,000. The stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office handles registrations for K.K.D. Nagar 2nd Main Road?

The Madhavaram Sub Registrar Office covers K.K.D. Nagar 2nd Main Road, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.