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Guideline Value

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Guideline Value for Kaveri Rangan Nagar - Kodambakkam Pudur Road

₹5500/sq.ft.

The guideline value for Kaveri Rangan Nagar - Kodambakkam Pudur Road in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1350 /sq.ft.
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. 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 Kaveri Rangan Nagar - Kodambakkam Pudur Road

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Kaveri Rangan Nagar - Kodambakkam Pudur Road guideline value

The current guideline value for Kaveri Rangan Nagar - Kodambakkam Pudur Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This location falls under Saligramam village and is registered with the Virugambakkam SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Kaveri Rangan Nagar - Kodambakkam Pudur Road has changed

The guideline value for Kaveri Rangan Nagar - Kodambakkam Pudur Road has undergone several revisions over the years. The earliest recorded value is from 2007, which was Rs 1,350 per sq.ft. This value increased significantly to Rs 5,000 per sq.ft in 2012, marking a 270% rise. However, it then saw a decrease to Rs 3,350 per sq.ft in 2017, a drop of 33%. The value continued to rise, reaching Rs 5,000 per sq.ft in 2023, and further increasing to Rs 5,500 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 307%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for Kaveri Rangan Nagar - Kodambakkam Pudur Road is above this median.

Stamp duty and registration fee for property in Kaveri Rangan Nagar - Kodambakkam Pudur Road

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kaveri Rangan Nagar - Kodambakkam Pudur Road?

The Kaveri Rangan Nagar - Kodambakkam Pudur Road is covered by 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 Saligramam

The guideline value plays a crucial role in property transactions in Saligramam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold or purchased, the guideline value serves as a benchmark for calculating the fees that need to be paid at the time of registration. This ensures transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value for Kaveri Rangan Nagar - Kodambakkam Pudur Road?

The current guideline value for Kaveri Rangan Nagar - Kodambakkam Pudur Road is Rs 5,500 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 1,350 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 307% over the years.

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

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office is responsible for Kaveri Rangan Nagar?

The Virugambakkam Sub Registrar Office is responsible for Kaveri Rangan Nagar, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Kaveri Rangan Nagar?

The land classification for Kaveri Rangan Nagar is Residential Special Type - III, indicating its designated use for residential purposes.