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Guideline Value

Corporate

Guideline Value for Kaviarasu Kannadasan Nagar 1st Block 3rd Lane

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 1st Block 3rd Lane 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 Lane

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Kaviarasu Kannadasan Nagar 1st Block 3rd Lane guideline value

The current guideline value for Kaviarasu Kannadasan Nagar 1st Block 3rd Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street 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 3rd Lane has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. From 2012 to 2024, there has been an increase of 10%, bringing the current value to Rs 3,300 per sq.ft. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Thus, the only available revisions are from 2012 and 2024, showing a clear upward adjustment in the guideline value over this period. The current guideline value is notably above the median of Rs 2,700 per sq.ft for the 1318 streets in Kodungaiyur under the Madhavaram SRO.

Guideline values in Kodungaiyur

Kodungaiyur has a range of guideline values from Rs 1,900 to Rs 4,000 per sq.ft, with the median being Rs 2,700 per sq.ft. The guideline value for Kaviarasu Kannadasan Nagar 1st Block 3rd Lane at Rs 3,300 per sq.ft is above this median. Other streets in Kodungaiyur include:

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 1st Block 3rd 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. 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 details.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 1st Block 3rd Lane?

The Kaviarasu Kannadasan Nagar 1st Block 3rd Lane falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the transaction reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value for Kaviarasu Kannadasan Nagar 1st Block 3rd Lane?

The current guideline value for Kaviarasu Kannadasan Nagar 1st Block 3rd Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

What was the guideline value in previous revisions?

The guideline value for Kaviarasu Kannadasan Nagar 1st Block 3rd Lane was Rs 3,000 per sq.ft in the 2012 revision. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

How does the guideline value compare to other streets in Kodungaiyur?

The guideline value of Rs 3,300 per sq.ft for Kaviarasu Kannadasan Nagar 1st Block 3rd Lane is above the median value of Rs 2,700 per sq.ft for the 1318 streets in Kodungaiyur under the Madhavaram SRO.

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

For a property with a guideline value of 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. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office covers Kaviarasu Kannadasan Nagar 1st Block 3rd Lane and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.