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Guideline Value

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

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 2nd 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 ₹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 2nd Block 2nd Street

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Kaviarasu Kannadasan Nagar 2nd Block 2nd Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 2nd 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 2nd Block 2nd Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure was reduced to Rs 2,010 per sq.ft in the 2017 revision, marking a decrease of 33%. The value then saw a significant increase to Rs 3,000 per sq.ft in the 2023 revision, followed by another rise to Rs 3,300 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. There are no registered figures for the years 2002, 2003, and 2007 for this street.

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. The median value for these streets is Rs 2,700 per sq.ft, placing Kaviarasu Kannadasan Nagar 2nd Block 2nd Street's 2024 figure above that median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 2nd Block 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

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

The Kaviarasu Kannadasan Nagar 2nd Block 2nd 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 during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is transparent and reflects the current market conditions.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 2nd Block 2nd Street?

The current guideline value of Kaviarasu Kannadasan Nagar 2nd Block 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen various changes, including a decrease to Rs 2,010 per sq.ft in 2017, followed by increases to Rs 3,000 in 2023 and Rs 3,300 in 2024.

What are the guideline values in other streets of Kodungaiyur?

Other streets in Kodungaiyur under the Madhavaram SRO have guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft, with Kaviarasu Kannadasan Nagar 2nd Block 2nd Street being above the median value of Rs 2,700 per sq.ft.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in this area is set at 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kaviarasu Kannadasan Nagar 2nd Block 2nd Street?

The Madhavaram Sub Registrar Office, which covers Kaviarasu Kannadasan Nagar 2nd Block 2nd Street, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.