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Guideline Value

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Guideline Value for Kaveri Rangan Nagar - KottaiMadakkarar Street

₹5500/sq.ft.

The guideline value for Kaveri Rangan Nagar - Kottaimadakkarar Street 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 - Kottaimadakkarar Street

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Kaveri Rangan Nagar - KottaiMadakkarar Street guideline value

The current guideline value for Kaveri Rangan Nagar - KottaiMadakkarar Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Kaveri Rangan Nagar - KottaiMadakkarar Street has changed

The guideline value for Kaveri Rangan Nagar - KottaiMadakkarar Street has seen several revisions over the years. In 2007, the value was Rs 1,350 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012. However, it then decreased to Rs 3,350 per sq.ft in 2017. The value rose significantly to Rs 5,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 5,500 per sq.ft. The change from 2023 to 2024 represents an increase of 10%, while the jump from 2017 to 2023 was 49%.

For the earlier revisions, the register has no figures for the years 2002 and 2003. The 2012 to 2017 change was a decrease of 33%, and the increase from 2007 to 2012 was a substantial 270%. 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. The median value for these streets is Rs 4,400 per sq.ft, placing Kaveri Rangan Nagar - KottaiMadakkarar Street above this median.

Stamp duty and registration fee for property in Kaveri Rangan Nagar - KottaiMadakkarar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaveri Rangan Nagar - KottaiMadakkarar Street?

The Kaveri Rangan Nagar - KottaiMadakkarar Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when registering property in Saligramam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value may influence the sale price. However, the duty is charged on the higher of the guideline value or the actual sale price, ensuring that the registration process is transparent and standardized.

Frequently asked questions

What is the current guideline value for Kaveri Rangan Nagar - KottaiMadakkarar Street?

The current guideline value for Kaveri Rangan Nagar - KottaiMadakkarar Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How much 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 this period.

What is the land classification for Kaveri Rangan Nagar - KottaiMadakkarar Street?

The land classification for Kaveri Rangan Nagar - KottaiMadakkarar Street is Residential Special Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Kaveri Rangan Nagar - KottaiMadakkarar Street is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Kaveri Rangan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 55,00,000 would incur a stamp duty of Rs 3,85,000 at a rate of 7%.