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Guideline Value

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Guideline Value for Kannabiran Koil st 2nd st ( Ward No.12 )

₹1600/sq.ft.

The guideline value for Kannabiran Koil St 2nd St ( Ward No.12 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /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 Kannabiran Koil St 2nd St ( Ward No.12 )

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Kannabiran Koil st 2nd st ( Ward No.12 ) guideline value

The current guideline value of Kannabiran Koil st 2nd st ( Ward No.12 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kannabiran Koil st 2nd st ( Ward No.12 ) has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure remained unchanged through the 2023 revision, where it still stood at Rs 1,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,600 per sq.ft, marking a 7% rise from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 7%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 for this street. The 2024 revision represents a significant update for Kannabiran Koil st 2nd st ( Ward No.12 ).

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, which aligns with the current figure for Kannabiran Koil st 2nd st ( Ward No.12 ).

Stamp duty and registration fee for property in Kannabiran Koil st 2nd st ( Ward No.12 )

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total Rs 1,44,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kannabiran Koil st 2nd st ( Ward No.12 )?

The Sub Registrar Office that covers Kannabiran Koil st 2nd st ( Ward No.12 ) is 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 during the registration of property transactions in Madhavaram. It serves as the minimum price at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two figures will determine the stamp duty and registration fees payable at the time of registration.

Frequently asked questions

What is the current guideline value of Kannabiran Koil st 2nd st ( Ward No.12 )?

The current guideline value of Kannabiran Koil st 2nd st ( Ward No.12 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, reflecting a 7% increase. The value remained unchanged at Rs 1,500 per sq.ft during the 2023 revision.

What are the other guideline values in Madhavaram?

In Madhavaram, the guideline values for other streets in the area also stand at Rs 1,600 per sq.ft for the 2024 revision, aligning with the median value for the village.

What is the stamp duty for properties in Kannabiran Koil st 2nd st ( Ward No.12 )?

The stamp duty for properties in Kannabiran Koil st 2nd st ( Ward No.12 ) is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, this amounts to Rs 1,12,000.

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 find more details through the provided link.