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Guideline Value

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

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 7th Block 8th 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 7th Block 8th Street

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Kaviarasu Kannadasan Nagar 7th Block 8th Street guideline value

The current guideline value for Kaviarasu Kannadasan Nagar 7th Block 8th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Special Type - I.

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

The guideline value for Kaviarasu Kannadasan Nagar 7th Block 8th Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was again Rs 3,000 per sq.ft, but in 2024, it increased to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

Overall, from 2012 to 2024, the guideline value increased by 10%. It is important to note that for the years 2002, 2003, 2007, and 2017, the register has no figure for this street in it.

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 7th Block 8th Street above this median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 7th Block 8th 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, making the total fees together Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Kaviarasu Kannadasan Nagar 7th Block 8th 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 crucial during the registration process of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in establishing a fair transaction price. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value for Kaviarasu Kannadasan Nagar 7th Block 8th Street?

The current guideline value for Kaviarasu Kannadasan Nagar 7th Block 8th 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 3,000 per sq.ft in 2023, and then increased to Rs 3,300 per sq.ft in 2024. Overall, there has been a 10% increase from 2012 to 2024.

Which Sub Registrar Office covers this street?

The Madhavaram Sub Registrar Office covers Kaviarasu Kannadasan Nagar 7th Block 8th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the stamp duty and registration fees for a property here?

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.

What is the land classification for this area?

The land classification for Kaviarasu Kannadasan Nagar 7th Block 8th Street is Residential Special Type - I, indicating its suitability for residential purposes.