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Guideline Value

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Guideline Value for Kaviarasu Kannadasan Nagar 6th Block 3rd Cross Street

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 6th 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 ₹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 3rd Cross Street

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Kaviarasu Kannadasan Nagar 6th Block 3rd Cross Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 6th 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, and it falls under the Residential Special Type - I land classification.

How the guideline value of Kaviarasu Kannadasan Nagar 6th Block 3rd Cross Street has changed

Over the years, the guideline value for Kaviarasu Kannadasan Nagar 6th Block 3rd Cross Street has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which was a decrease from the Rs 2,010 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,000 per sq.ft, and the latest 2024 revision has raised it to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

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. The median guideline value in this area is Rs 2,700 per sq.ft, placing Kaviarasu Kannadasan Nagar 6th Block 3rd Cross Street above this median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 6th Block 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value, 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, bringing the total fees together 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 3rd Cross Street?

The Kaviarasu Kannadasan Nagar 6th Block 3rd Cross 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 in property transactions in Kodungaiyur. It serves as the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which impacts the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 6th Block 3rd Cross Street?

The current guideline value of Kaviarasu Kannadasan Nagar 6th 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?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, a 10% increase. From 2017 to 2023, it increased by 49%, while it decreased from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017.

What is the land classification of Kaviarasu Kannadasan Nagar 6th Block 3rd Cross Street?

Kaviarasu Kannadasan Nagar 6th Block 3rd Cross Street is classified as Residential Special Type - I, indicating its designated use for residential purposes.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in Kaviarasu Kannadasan Nagar is 7%. This rate is applied to the higher of the guideline value or the sale price of the property.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area, including Kaviarasu Kannadasan Nagar 6th Block 3rd Cross Street.