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Guideline Value

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Guideline Value for Kaviarasu Kannadasan Nagar 8th Block 1st Cross Street

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 8th Block 1st 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 8th Block 1st Cross Street

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Kaviarasu Kannadasan Nagar 8th Block 1st Cross Street guideline value

The current guideline value for Kaviarasu Kannadasan Nagar 8th Block 1st 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 8th Block 1st Cross Street has changed

The guideline value for this street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is an increase of 10% from the 2012 revision figure of Rs 3,000 per sq.ft. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002.

Prior to the 2012 revision, the guideline value was not specified for this street in the register. The 2012 revision marked a significant change, moving from an unspecified value to Rs 3,000 per sq.ft, and then to Rs 3,300 per sq.ft in 2024.

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 for Kaviarasu Kannadasan Nagar 8th Block 1st Cross Street is above this median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 8th Block 1st 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 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 to Rs 2,97,000. Note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 8th Block 1st Cross Street?

The Kaviarasu Kannadasan Nagar 8th Block 1st 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 an essential factor in determining the stamp duty and registration fees when buying or selling property in Kodungaiyur. It serves as a benchmark for the minimum value at which properties must be registered, ensuring that the government receives appropriate revenue from property transactions.

When you proceed with a property transaction, the guideline value will be compared to the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Kaviarasu Kannadasan Nagar 8th Block 1st Cross Street?

The current guideline value for Kaviarasu Kannadasan Nagar 8th Block 1st 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 2012 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the classification of Kaviarasu Kannadasan Nagar 8th Block 1st Cross Street?

Kaviarasu Kannadasan Nagar 8th Block 1st Cross Street is classified as Residential Special Type - I, indicating its designation for residential purposes.

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 registrations for Kaviarasu Kannadasan Nagar 8th Block 1st Cross Street?

The Madhavaram Sub Registrar Office handles registrations for Kaviarasu Kannadasan Nagar 8th Block 1st Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.