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Guideline Value

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Guideline Value for Kaviarasu Kannadasan Nagar 1st Block 3rd Cross Street

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 1st Block 3rd Cross Street in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. 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 N/A
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 3rd Cross Street

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Kaviarasu Kannadasan Nagar 1st Block 3rd Cross Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 1st Block 3rd Cross 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 3rd Cross Street has changed

The guideline value for Kaviarasu Kannadasan Nagar 1st Block 3rd Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 3,000 per sq.ft. From 2012 to 2024, there was an increase of 10%, bringing the current value to Rs 3,300 per sq.ft.

For the years 2002, 2003, 2007, 2017, and 2023, the register has no figure for this street. Thus, the only available figures are from the 2012 and 2024 revisions.

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 2024. The median value for these streets is Rs 2,700 per sq.ft, making the current value of Kaviarasu Kannadasan Nagar 1st Block 3rd Cross Street above that median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 1st Block 3rd Cross 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 cost for these fees to 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 3rd Cross Street?

The Kaviarasu Kannadasan Nagar 1st Block 3rd Cross Street 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 in property transactions in Kodungaiyur. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay during the registration process. This ensures that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value helps establish a minimum value for the transaction, ensuring that properties are not sold below a certain threshold. This system is designed to maintain transparency and fairness in real estate dealings.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 1st Block 3rd Cross Street?

The current guideline value of Kaviarasu Kannadasan Nagar 1st Block 3rd Cross 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 increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, reflecting a 10% rise. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023.

What is the median guideline value in Kodungaiyur?

The median guideline value for streets in Kodungaiyur is Rs 2,700 per sq.ft. The guideline value for Kaviarasu Kannadasan Nagar 1st Block 3rd Cross Street is above this median.

What are the stamp duty and registration fees for properties in this area?

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.

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 all registrations for properties in the area.