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Guideline Value

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Guideline Value for Kaviarasu Kannadasan Nagar 1st Block 1st Lane

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 1st Block 1st Lane in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3000 /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 Kaviarasu Kannadasan Nagar 1st Block 1st Lane

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Kaviarasu Kannadasan Nagar 1st Block 1st Lane guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 1st Block 1st Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 1st Block 1st Lane has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure remained unchanged through the 2023 revision, which also recorded Rs 3,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Kaviarasu Kannadasan Nagar 1st Block 1st Lane is above this median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 1st Block 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, and the registration fee, at 2%, would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. 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 information.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 1st Block 1st Lane?

The Kaviarasu Kannadasan Nagar 1st Block 1st Lane is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Kodungaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 1st Block 1st Lane?

The current guideline value of Kaviarasu Kannadasan Nagar 1st Block 1st Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. There was no change in the value between 2012 and 2023.

What is the land classification for this area?

The land classification for Kaviarasu Kannadasan Nagar 1st Block 1st Lane is Residential Special Type - I.

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.

What should I know about stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the total fees would be Rs 2,97,000.