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Guideline Value

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Guideline Value for Kaviarasu Kannadasan Nagar 6th Block 2nd Street

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 6th 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 6th Block 2nd Street

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Kaviarasu Kannadasan Nagar 6th Block 2nd Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 6th 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, with a land classification of Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 6th Block 2nd Street has changed

Over the years, the guideline value for Kaviarasu Kannadasan Nagar 6th Block 2nd Street has seen several revisions. The 2012 revision recorded a value of Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Subsequently, the value increased to Rs 3,000 per sq.ft in 2023 and further rose to Rs 3,300 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a significant increase of 49% from 2017 to 2023. The value then saw a 10% increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value increased by 10%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft as of the 2024 revision. The median value for these streets is Rs 2,700 per sq.ft, placing Kaviarasu Kannadasan Nagar 6th Block 2nd Street above this median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 6th Block 2nd 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 charges to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 6th Block 2nd Street?

The Kaviarasu Kannadasan Nagar 6th 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

When buying or selling property in Kodungaiyur, the guideline value plays a crucial role in determining the registration charges. The guideline value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the costs involved in the registration process. Ensuring accurate calculations based on the guideline value can help avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 6th Block 2nd Street?

The current guideline value of Kaviarasu Kannadasan Nagar 6th Block 2nd 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 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 this street?

The land classification for Kaviarasu Kannadasan Nagar 6th Block 2nd Street is Residential Special Type - I.

What are the stamp duty and registration fees for property transactions?

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 registrations for this area?

The Madhavaram Sub Registrar Office at No.7, Roja Nagar, Madhavaram, Chennai-600060 handles registrations for Kaviarasu Kannadasan Nagar 6th Block 2nd Street.