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Guideline Value

Corporate

Guideline Value for Kaviarasu Kannadasan Nagar 8th Block 1st Lane

₹3300/sq.ft.

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

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Kaviarasu Kannadasan Nagar 8th Block 1st Lane guideline value

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

The guideline value for Kaviarasu Kannadasan Nagar 8th Block 1st Lane has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, while the latest 2024 revision increased it to Rs 3,300 per sq.ft, marking a change of +10%. The register has no figure for this street in the years 2003, 2007, 2017, and 2023.

From the 2012 revision to the 2024 revision, the guideline value increased from Rs 3,000 to Rs 3,300 per sq.ft. This reflects a significant adjustment in the valuation of properties in this area, aligning it with the current market conditions.

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 for these streets is Rs 2,700 per sq.ft, placing Kaviarasu Kannadasan Nagar 8th Block 1st Lane above the median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 8th Block 1st Lane

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, leading to a total of 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 8th Block 1st Lane?

The Kaviarasu Kannadasan Nagar 8th Block 1st Lane is covered by 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 plays a crucial role in property transactions in Kodungaiyur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs associated with the buying and selling of property.

When you register a property, the guideline value is used to determine the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This value helps maintain transparency and consistency in property dealings.

Frequently asked questions

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

The current guideline value for Kaviarasu Kannadasan Nagar 8th Block 1st Lane 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, reflecting a +10% increase. There are no figures available for this street in the years 2003, 2007, 2017, and 2023.

What is the land classification for Kaviarasu Kannadasan Nagar 8th Block 1st Lane?

Kaviarasu Kannadasan Nagar 8th Block 1st Lane is classified as Residential Special Type - I. This classification can affect the types of developments permitted in the area.

What is the registration office for Kaviarasu Kannadasan Nagar 8th Block 1st Lane?

The registration office for Kaviarasu Kannadasan Nagar 8th Block 1st Lane is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 3,300 per sq.ft would incur a total guideline value of Rs 33,00,000, leading to specific stamp duty and registration fees.