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Guideline Value

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Guideline Value for KARTHIKEYAN NAGAR 2nd Main Road

₹3300/sq.ft.

The guideline value for Karthikeyan Nagar 2nd Main Road in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 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

Maduravoyal

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹310 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹283 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Karthikeyan Nagar 2nd Main Road

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KARTHIKEYAN NAGAR 2nd Main Road guideline value

The current guideline value of KARTHIKEYAN NAGAR 2nd Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of KARTHIKEYAN NAGAR 2nd Main Road has changed

The guideline value for KARTHIKEYAN NAGAR 2nd Main Road has seen significant changes over the years. In 2002, the value was Rs 283 per sq.ft, which increased to Rs 310 per sq.ft in 2003, marking a 10% rise. The value continued to rise to Rs 500 per sq.ft in 2007, reflecting a substantial increase of 61%. By 2012, the guideline value reached Rs 3,000 per sq.ft, which was a 500% increase from the previous revision.

From 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, showing a decline of 33%. However, it rebounded to Rs 3,000 per sq.ft in 2023, and then further increased to Rs 3,300 per sq.ft in 2024, representing a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 1,066%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. The guideline value for KARTHIKEYAN NAGAR 2nd Main Road is above this median.

Stamp duty and registration fee for property in KARTHIKEYAN NAGAR 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KARTHIKEYAN NAGAR 2nd Main Road?

The Sub Registrar Office that covers KARTHIKEYAN NAGAR 2nd Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Maduravoyal. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This value is set by the government and is periodically revised to reflect changes in the real estate market.

When you register a property, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, regardless of the sale price agreed upon by the buyer and seller.

Frequently asked questions

What is the current guideline value of KARTHIKEYAN NAGAR 2nd Main Road?

The current guideline value of KARTHIKEYAN NAGAR 2nd Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 283 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1,066% over this period.

What is the land classification for KARTHIKEYAN NAGAR 2nd Main Road?

KARTHIKEYAN NAGAR 2nd Main Road is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,97,000.

Which office handles the registration for KARTHIKEYAN NAGAR 2nd Main Road?

The Virugambakkam Sub Registrar Office handles the registration for KARTHIKEYAN NAGAR 2nd Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.