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Guideline Value

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Guideline Value for Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 4th Lane

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 4th 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 ₹2010 /sq.ft.
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 4th Lane

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Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 4th Lane guideline value

The current guideline value for Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 4th Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Kodungaiyur village, under the Madhavaram SRO, classified as Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 4th Lane has changed

The guideline value for this street has undergone several revisions over the years. The earliest recorded revision in 2012 set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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. The median value for these streets is Rs 2,700 per sq.ft, placing Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 4th Lane above this median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 4th Lane

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 4th Lane?

The Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 4th Lane falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Kodungaiyur. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value as per the government standards.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the actual sale price, which can affect the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value for Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 4th Lane?

The current guideline value for Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 4th 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 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft in 2024.

What is the land classification for this area?

Kaviarasu Kannadasan Nagar 1st Block 2nd Main Road 4th Lane is classified as Residential Special Type - I.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Kaviarasu Kannadasan Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.