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Guideline Value

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Guideline Value for Kaviarasu Kannadasan Nagar 1st Main Road

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 1st Main Road 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 Main Road

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Kaviarasu Kannadasan Nagar 1st Main Road guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 1st Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This property 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 Main Road has changed

The guideline value for Kaviarasu Kannadasan Nagar 1st Main Road has seen several revisions over the years. The 2012 revision 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 the 2023 revision, and then to Rs 3,300 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with the 2024 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, making the 2024 figure for Kaviarasu Kannadasan Nagar 1st Main Road above the median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 1st Main Road

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 fees to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 1st Main Road?

The Kaviarasu Kannadasan Nagar 1st Main Road 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 determining the registration fees and stamp duty when buying or selling property in Kodungaiyur. It serves as a benchmark for the minimum value at which properties can be registered, ensuring that the government collects appropriate taxes on property transactions.

When a buyer and seller agree on a sale price, the stamp duty and registration fees are calculated based on the higher of the guideline value or the agreed sale price. This ensures that all property transactions are fairly assessed for taxation purposes.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 1st Main Road?

The current guideline value of Kaviarasu Kannadasan Nagar 1st Main Road 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 increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Kaviarasu Kannadasan Nagar 1st Main Road?

The land classification for Kaviarasu Kannadasan Nagar 1st Main Road is Residential Special Type - I.

What are the other streets in Kodungaiyur with the same guideline value?

Other streets in Kodungaiyur with the same guideline value of Rs 3,300 per sq.ft include Kaviarasu Kannadasan Nagar 1st Block 4th Street, Kaviarasu Kannadasan Nagar 2nd Block 1st Street, Kaviarasu Kannadasan Nagar 1st Block 4th Lane, Kaviarasu Kannadasan Nagar 2nd Block 2nd Street, Kaviarasu Kannadasan Nagar 1st Block 4th Cross Street, and Kaviarasu Kannadasan Nagar 2nd Block 3rd Street.

How is the stamp duty calculated for properties in this area?

Stamp duty for properties in Kaviarasu Kannadasan Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.