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Guideline Value

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

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 1st Block 1st Street 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 Street

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Kaviarasu Kannadasan Nagar 1st Block 1st Street guideline value

The current guideline value for Kaviarasu Kannadasan Nagar 1st Block 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, and it falls under the land classification of Residential Special Type - I.

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

The guideline value for Kaviarasu Kannadasan Nagar 1st Block 1st Street has seen several revisions over the years. The 2012 revision recorded a value of Rs 3,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the value to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for this street in the revisions for the years 2002, 2003, 2007, and 2017. Overall, the guideline value has increased by 10% from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Kaviarasu Kannadasan Nagar 1st Block 1st Street above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Kaviarasu Kannadasan Nagar 1st Block 1st Street 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 in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. The authorities will charge the stamp duty based on the higher value between the guideline and sale price.

Frequently asked questions

What is the current guideline value for Kaviarasu Kannadasan Nagar 1st Block 1st Street?

The current guideline value for Kaviarasu Kannadasan Nagar 1st Block 1st Street 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, marking a 10% increase. There was no change in the value from 2012 to 2023.

What are the guideline values for other streets in Kodungaiyur?

Other streets in Kodungaiyur have guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft in 2024. Kaviarasu Kannadasan Nagar 1st Block 1st Street is above the median value of Rs 2,700 per sq.ft.

What fees are involved when buying property in Kaviarasu Kannadasan Nagar 1st Block 1st Street?

When buying property, the buyer needs to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 2,97,000.

Which office handles the registration for Kaviarasu Kannadasan Nagar 1st Block 1st Street?

The Madhavaram Sub Registrar Office handles the registration for Kaviarasu Kannadasan Nagar 1st Block 1st Street. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.