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Guideline Value

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Guideline Value for K.K.D. Nagar 8th Block 1st Lane 10th Main Road

₹2200/sq.ft.

The guideline value for K.k.d. Nagar 8th Block 1st Lane 10th Main Road 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 8th Block 1st Lane 10th Main Road

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K.K.D. Nagar 8th Block 1st Lane 10th Main Road guideline value

The current guideline value of K.K.D. Nagar 8th Block 1st Lane 10th Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This property 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 8th Block 1st Lane 10th Main Road has changed

The guideline value for this street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in the 2017 revision. However, the most recent revision in 2024 saw a significant increase, bringing the value back up to Rs 2,200 per sq.ft, marking a 64% rise from the 2017 figure.

Overall, from 2012 to 2024, the guideline value has increased by 10%. Notably, the register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for the area is Rs 2,700 per sq.ft, indicating that K.K.D. Nagar 8th Block 1st Lane 10th Main Road's 2024 figure is below the median.

Stamp duty and registration fee for property in K.K.D. Nagar 8th Block 1st Lane 10th Main Road

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, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.D. Nagar 8th Block 1st Lane 10th Main Road?

The K.K.D. Nagar 8th Block 1st Lane 10th Main Road falls under 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

The guideline value plays a crucial role in property transactions in Kodungaiyur. It is used to determine the minimum value at which a property can be registered, ensuring that the registration process adheres to government regulations.

When buying or selling property, the guideline value is essential for calculating the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value for K.K.D. Nagar 8th Block 1st Lane 10th Main Road?

The current guideline value for K.K.D. Nagar 8th Block 1st Lane 10th Main Road 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. Overall, this represents a 10% increase from 2012 to 2024.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for this street?

The Madhavaram Sub Registrar Office handles property registrations for K.K.D. Nagar 8th Block 1st Lane 10th Main Road, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

Are there other streets with the same guideline value in Kodungaiyur?

Yes, several other streets in Kodungaiyur have the same guideline value of Rs 2,200 per sq.ft, including K.K.D. Nagar 7th Block Cross Street, K.K.D. Nagar 8th Block 2nd Lane 10th Main Road, and others.