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Guideline Value

Corporate

Guideline Value for Kamarajar Salai 6th Lane

₹1900/sq.ft.

The guideline value for Kamarajar Salai 6th Lane in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1800 /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 Kamarajar Salai 6th Lane

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Kamarajar Salai 6th Lane guideline value

The current guideline value of Kamarajar Salai 6th Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Kamarajar Salai 6th Lane has changed

The guideline value for Kamarajar Salai 6th Lane has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, which is an increase from the 2023 revision of Rs 1,800 per sq.ft. The 2024 revision reflects a 6% increase from the previous year.

Prior to the 2023 revision, the guideline value remained unchanged at Rs 1,800 per sq.ft since the 2012 revision. The register does not contain figures for the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, placing Kamarajar Salai 6th Lane's 2024 figure below that median.

Stamp duty and registration fee for property in Kamarajar Salai 6th Lane

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamarajar Salai 6th Lane?

The Sub Registrar Office covering Kamarajar Salai 6th Lane is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is an essential factor during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Kamarajar Salai 6th Lane?

The current guideline value for Kamarajar Salai 6th Lane is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024, marking a 6% increase. It remained unchanged at Rs 1,800 per sq.ft from the 2012 revision until 2023.

What are the other streets in Kodungaiyur with similar guideline values?

Other streets in Kodungaiyur with the same guideline value of Rs 1,900 per sq.ft in 2024 include Kamarajar Salai 5th Lane, Kamarajar Salai 7th Lane, Kamarajar Salai 8th Lane, and Kamarajar Salai 9th Lane.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Kamarajar Salai 6th Lane?

The stamp duty for properties in Kamarajar Salai 6th Lane is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 19,00,000 would incur a stamp duty of Rs 1,33,000.