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Guideline Value

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Guideline Value for Kaviarasu Kannadasan Nagar 1st Block 2nd Street

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 1st Block 2nd 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 2nd Street

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Kaviarasu Kannadasan Nagar 1st Block 2nd Street guideline value

The current guideline value for Kaviarasu Kannadasan Nagar 1st Block 2nd 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 is classified as Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 1st Block 2nd Street has changed

Looking at the historical revisions, the guideline value for this street was Rs 3,000 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 shows an increase of 10% to Rs 3,300 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2017 for this street.

From 2012 to 2024, the overall change in the guideline value is also 10%. This indicates that while there was no change from 2012 to 2023, the subsequent increase in 2024 reflects a significant adjustment in the guideline value.

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. Kaviarasu Kannadasan Nagar 1st Block 2nd Street's 2024 figure is above this median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 1st Block 2nd 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 to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 1st Block 2nd Street?

The Kaviarasu Kannadasan Nagar 1st Block 2nd Street falls under the jurisdiction of the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property transactions in Kodungaiyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware that the registration process is based on the guideline value or the sale price, whichever is higher.

When a property is sold, the stamp duty and registration fees are calculated based on this guideline value, ensuring that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Kaviarasu Kannadasan Nagar 1st Block 2nd Street?

The current guideline value for Kaviarasu Kannadasan Nagar 1st Block 2nd 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 and 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. There are no available figures for the years 2002, 2003, 2007, and 2017 for this street.

What is the land classification for Kaviarasu Kannadasan Nagar 1st Block 2nd Street?

Kaviarasu Kannadasan Nagar 1st Block 2nd Street is classified as Residential Special Type - I. This classification is important for understanding the permissible uses of the property.

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.

How is stamp duty calculated for properties in Kodungaiyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at a rate of 7%.