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Guideline Value

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Guideline Value for KARTHIKEYAN NAGAR - Kavalar Kudiyiruppu Sandhu

₹3300/sq.ft.

The guideline value for Karthikeyan Nagar - Kavalar Kudiyiruppu Sandhu 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 ₹274 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹250 /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 - Kavalar Kudiyiruppu Sandhu

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KARTHIKEYAN NAGAR - Kavalar Kudiyiruppu Sandhu guideline value

The current guideline value of KARTHIKEYAN NAGAR - Kavalar Kudiyiruppu Sandhu is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of KARTHIKEYAN NAGAR - Kavalar Kudiyiruppu Sandhu has changed

The guideline value for KARTHIKEYAN NAGAR - Kavalar Kudiyiruppu Sandhu has seen significant changes over the years. In 2002, the guideline value was Rs 250 per sq.ft. This increased to Rs 274 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 500 per sq.ft, representing an 82% increase. The next revision in 2012 saw the value rise to Rs 3,000 per sq.ft, a substantial 500% increase from the previous figure. However, in 2017, the value dropped to Rs 2,010 per sq.ft, reflecting a decrease of 33%. The guideline value then increased to Rs 3,000 per sq.ft in 2023, followed by a further increase to the current value of Rs 3,300 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1220%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value in this area is Rs 3,050 per sq.ft, and KARTHIKEYAN NAGAR - Kavalar Kudiyiruppu Sandhu's 2024 figure is above that median.

Stamp duty and registration fee for property in KARTHIKEYAN NAGAR - Kavalar Kudiyiruppu Sandhu

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and 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 also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KARTHIKEYAN NAGAR - Kavalar Kudiyiruppu Sandhu?

The Sub Registrar Office that covers KARTHIKEYAN NAGAR - Kavalar Kudiyiruppu Sandhu 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 is an essential factor in property transactions in Maduravoyal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value helps ensure transparency and fairness in the registration process. It serves as a benchmark for assessing property values in the area, making it a critical component of real estate transactions.

Frequently asked questions

What is the current guideline value of KARTHIKEYAN NAGAR - Kavalar Kudiyiruppu Sandhu?

The current guideline value of KARTHIKEYAN NAGAR - Kavalar Kudiyiruppu Sandhu 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 250 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1220% over this period.

What is the land classification for this area?

The land classification for KARTHIKEYAN NAGAR - Kavalar Kudiyiruppu Sandhu is Residential Class II Type - I.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers KARTHIKEYAN NAGAR - Kavalar Kudiyiruppu Sandhu, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.