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Guideline Value

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Guideline Value for Kaviarasu Kannadasan Nagar 7th Block 8th Cross Street

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 7th Block 8th Cross Street in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. 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 N/A
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 7th Block 8th Cross Street

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Kaviarasu Kannadasan Nagar 7th Block 8th Cross Street guideline value

The current guideline value for Kaviarasu Kannadasan Nagar 7th Block 8th 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 is classified as Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 7th Block 8th Cross Street has changed

The guideline value for this street has seen a revision from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. The register does not contain figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the only revisions recorded for Kaviarasu Kannadasan Nagar 7th Block 8th Cross Street are from 2012 and 2024, with the current value reflecting a significant change over the past decade.

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 2024. The median guideline value for these streets is Rs 2,700 per sq.ft, positioning Kaviarasu Kannadasan Nagar 7th Block 8th Cross Street above this median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 7th Block 8th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 7th Block 8th Cross Street?

The Kaviarasu Kannadasan Nagar 7th Block 8th 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 is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price to ensure compliance with local regulations.

When registering a property, 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 for Kaviarasu Kannadasan Nagar 7th Block 8th Cross Street?

The current guideline value for Kaviarasu Kannadasan Nagar 7th Block 8th 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 changed from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, which is a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the classification of the land in Kaviarasu Kannadasan Nagar 7th Block 8th Cross Street?

The land classification for Kaviarasu Kannadasan Nagar 7th Block 8th Cross Street is Residential Special Type - I. This classification affects the guideline value and potential uses of the property.

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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Kaviarasu Kannadasan Nagar 7th Block 8th Cross Street?

The Madhavaram Sub Registrar Office handles property registrations for Kaviarasu Kannadasan Nagar 7th Block 8th Cross Street. The office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.