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Guideline Value

Corporate

Guideline Value for Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 2nd Lane

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 2nd 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 2nd Main Road 2nd Lane

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Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 2nd Lane guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 2nd Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Kodungaiyur village and falls under the Madhavaram SRO, classified as Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 2nd Lane has changed

The guideline value for this street has seen revisions over the years. The 2012 revision set the value at 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% increase from the previous year. Overall, from the 2012 revision to the 2024 revision, there has been a total increase of 10%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. This lack of data means we can only analyze the revisions from 2012 onward for any changes in the guideline value.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft as of the 2024 revision. The median guideline value in this area is Rs 2,700 per sq.ft, indicating that Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 2nd Lane's current guideline value is above the median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 2nd 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 at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. It is important 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 2nd Main Road 2nd Lane?

The Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 2nd 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 in the registration process for property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that both buyers and sellers are aware of the official valuation of the property.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 2nd Lane?

The current guideline value of Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 2nd Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 3,000 per sq.ft to Rs 3,300 per sq.ft in 2024, which is a total increase of 10%. The value remained unchanged from 2012 to 2023 but saw a 10% increase from 2023 to 2024.

Which Sub Registrar Office covers this area?

The Madhavaram Sub Registrar Office covers Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 2nd Lane, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are based on the guideline value or the sale price, whichever is higher.

What are the guideline values of other streets in Kodungaiyur?

Other streets in Kodungaiyur have varying guideline values. For instance, Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 1st Lane, 3rd Lane, and 4th Lane all have a guideline value of Rs 3,300 per sq.ft as of 2024.