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Guideline Value

Corporate

Guideline Value for Kannabiran Koil st 4th st ( Ward No.12 )

₹1600/sq.ft.

The guideline value for Kannabiran Koil St 4th 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 ₹1005 /sq.ft.
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 4th St ( Ward No.12 )

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Kannabiran Koil st 4th st ( Ward No.12 ) guideline value

The current guideline value of Kannabiran Koil st 4th st ( Ward No.12 ) is Rs 1,600 per sq.ft. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kannabiran Koil st 4th st ( Ward No.12 ) has changed

The guideline value for Kannabiran Koil st 4th st has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision has set it at Rs 1,600 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from the 2012 revision to the 2024 revision shows a slight increase of 7%.

Guideline values in Madhavaram

Madhavaram village has a total of 1,946 streets under the Madhavaram SRO, with the 2024 guideline values 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 is the same as the current value for Kannabiran Koil st 4th st.

Stamp duty and registration fee for property in Kannabiran Koil st 4th st ( Ward No.12 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total 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 cost for these fees Rs 1,44,000. The duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kannabiran Koil st 4th st ( Ward No.12 )?

The Sub Registrar Office that covers Kannabiran Koil st 4th 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 an essential factor in property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration of property transactions. Buyers and sellers must consider this value to understand the financial implications of their transactions.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the fees are aligned with the official valuation of the property, thus providing a standardized approach to property transactions in the area.

Frequently asked questions

What is the current guideline value of Kannabiran Koil st 4th st ( Ward No.12 )?

The current guideline value of Kannabiran Koil st 4th st ( Ward No.12 ) is Rs 1,600 per sq.ft as per the 2024 revision.

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 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally set at Rs 1,600 per sq.ft in 2024.

What is the land classification of Kannabiran Koil st 4th st ( Ward No.12 )?

Kannabiran Koil st 4th st ( Ward No.12 ) is classified as Residential Class II Type - I.

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

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000 in fees.

Which Sub Registrar Office covers this street?

The Madhavaram Sub Registrar Office covers Kannabiran Koil st 4th st ( Ward No.12 ), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.