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Guideline Value

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Guideline Value for Kaviarasu Kannadasan Nagar 3rd Block 4th Street

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 3rd Block 4th 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 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 3rd Block 4th Street

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Kaviarasu Kannadasan Nagar 3rd Block 4th Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 3rd Block 4th 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 it falls under the land classification of Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 3rd Block 4th Street has changed

The guideline value for Kaviarasu Kannadasan Nagar 3rd Block 4th Street has seen several revisions over the years. In 2012, the guideline value was Rs 3,000 per sq.ft. This remained unchanged until the 2023 revision, where it was again recorded at Rs 3,000 per sq.ft. The 2024 revision marked an increase to Rs 3,300 per sq.ft, representing a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value increased by 10%. The register has no figures for the revisions in 2002, 2003, 2007, and 2017 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, with a median value of Rs 2,700 per sq.ft. The guideline value for Kaviarasu Kannadasan Nagar 3rd Block 4th Street is above this median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 3rd Block 4th 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 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 3rd Block 4th Street?

The Sub Registrar Office that covers Kaviarasu Kannadasan Nagar 3rd Block 4th Street is 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 when buying or selling property in Kodungaiyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 3rd Block 4th Street?

The current guideline value of Kaviarasu Kannadasan Nagar 3rd Block 4th 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, marking a 10% increase overall. There were no changes recorded for the years 2002, 2003, 2007, and 2017 for this street.

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. Duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration of properties in Kaviarasu Kannadasan Nagar 3rd Block 4th Street?

The Madhavaram Sub Registrar Office handles the registration of properties in Kaviarasu Kannadasan Nagar 3rd Block 4th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Kaviarasu Kannadasan Nagar 3rd Block 4th Street?

The land classification for Kaviarasu Kannadasan Nagar 3rd Block 4th Street is Residential Special Type - I, which is important for determining the usage and development potential of the property.