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Guideline Value

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

₹3300/sq.ft.

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

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Kaviarasu Kannadasan Nagar 4th Block 3rd Cross Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 4th Block 3rd Cross Street 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 4th Block 3rd Cross Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value for this street.

For the years 2002, 2003, 2007, and 2017, the register has no figure for Kaviarasu Kannadasan Nagar 4th Block 3rd Cross Street. The guideline values recorded in 2023 and 2024 indicate a significant change in the valuation of properties in this area.

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 of Kaviarasu Kannadasan Nagar 4th Block 3rd Cross Street is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total 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. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

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

The Kaviarasu Kannadasan Nagar 4th Block 3rd Cross Street 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 plays a crucial role during property registration in Kodungaiyur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value for Kaviarasu Kannadasan Nagar 4th Block 3rd Cross 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 remained at Rs 3,000 per sq.ft until the 2024 revision, where it increased to Rs 3,300 per sq.ft. This indicates a 10% increase from the previous year.

What is the land classification for this street?

Kaviarasu Kannadasan Nagar 4th Block 3rd Cross Street is classified as Residential Special Type - I. This classification affects the valuation and use of properties in the area.

What are the stamp duty rates applicable?

The stamp duty rate for properties in Kaviarasu Kannadasan Nagar is 7%. This is calculated based on the higher of the guideline value or the sale price of the property.

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

The Madhavaram Sub Registrar Office covers Kaviarasu Kannadasan Nagar 4th Block 3rd Cross Street and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO online as well.