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Guideline Value

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

₹3300/sq.ft.

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

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Kaviarasu Kannadasan Nagar 1st Block 3rd Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 1st Block 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 1st Block 3rd Street has changed

The guideline value for Kaviarasu Kannadasan Nagar 1st Block 3rd Street has seen several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 3,000 per sq.ft. The latest revision in 2024 increased this to Rs 3,300 per sq.ft, marking a change of +10% from the previous value.

There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only recorded values are from 2012 and 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, which means that Kaviarasu Kannadasan Nagar 1st Block 3rd Street's 2024 figure is above that median.

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

For more information, you can use the stamp duty and registration fee calculator.

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

The Kaviarasu Kannadasan Nagar 1st Block 3rd Street falls under 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 an important factor when registering property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction reflects the prevailing market conditions.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction, based on the official valuation set by the registration department.

Frequently asked questions

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

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

What is the land classification of Kaviarasu Kannadasan Nagar 1st Block 3rd Street?

The land classification for Kaviarasu Kannadasan Nagar 1st Block 3rd Street is Residential Special Type - I. This classification indicates the type of development permitted in the area.

What is the stamp duty rate applicable for transactions in this area?

The stamp duty rate applicable for property transactions in Kaviarasu Kannadasan Nagar is 7%. This rate is applied to the higher of the guideline value or the sale price of the property.

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

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