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Guideline Value

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Guideline Value for K.K.R.Nagar Extn. ( Ward No.18 )

₹2200/sq.ft.

The guideline value for K.k.r.nagar Extn. ( Ward No.18 ) in Madhavaram 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 I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class I 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 N/A
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.r.nagar Extn. ( Ward No.18 )

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K.K.R.Nagar Extn. ( Ward No.18 ) guideline value

The current guideline value of K.K.R.Nagar Extn. ( Ward No.18 ) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of K.K.R.Nagar Extn. ( Ward No.18 ) has changed

The guideline value for K.K.R.Nagar Extn. ( Ward No.18 ) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is a 10% increase from the 2023 revision of Rs 2,000 per sq.ft. The 2012 revision also recorded a value of Rs 2,000 per sq.ft, indicating no change from that year to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Madhavaram

In Madhavaram, there are 1946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, and K.K.R.Nagar Extn. ( Ward No.18 ) has a 2024 figure that is above this median.

Stamp duty and registration fee for property in K.K.R.Nagar Extn. ( Ward No.18 )

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 at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers K.K.R.Nagar Extn. ( Ward No.18 )?

The K.K.R.Nagar Extn. ( Ward No.18 ) is covered by 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 Madhavaram

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the duties owed, ensuring that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of K.K.R.Nagar Extn. ( Ward No.18 )?

The current guideline value of K.K.R.Nagar Extn. ( Ward No.18 ) 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 2023 to Rs 2,200 per sq.ft in 2024, marking a 10% increase. There has been no change from 2012 to 2023, with both years recording a value of Rs 2,000 per sq.ft.

What is the land classification for K.K.R.Nagar Extn. ( Ward No.18 )?

K.K.R.Nagar Extn. ( Ward No.18 ) is classified as Residential Class I Type - I, indicating its suitability for residential development.

What is the stamp duty rate applicable in K.K.R.Nagar Extn. ( Ward No.18 )?

The stamp duty rate applicable in K.K.R.Nagar Extn. ( Ward No.18 ) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can visit this office for registration services related to properties in the area.