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Guideline Value

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Guideline Value for Kaviarasu Kannadasan Nagar 8th Block 2nd Street

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 8th Block 2nd 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 N/A
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 2nd Street

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Kaviarasu Kannadasan Nagar 8th Block 2nd Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 8th Block 2nd 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 8th Block 2nd Street has changed

The guideline value for Kaviarasu Kannadasan Nagar 8th Block 2nd Street has seen several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was set at Rs 3,000 per sq.ft, which increased to Rs 3,300 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for this street in the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2024 reflects an increase in the guideline value, indicating a significant adjustment in property valuation for this location.

Guideline values in Kodungaiyur

Kodungaiyur has a range of guideline values across its 1,318 streets under the Madhavaram SRO, with figures for 2024 ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for this area is Rs 2,700 per sq.ft, placing Kaviarasu Kannadasan Nagar 8th Block 2nd Street above the median at Rs 3,300 per sq.ft.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 8th Block 2nd 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, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 8th Block 2nd Street?

The Kaviarasu Kannadasan Nagar 8th Block 2nd Street 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 is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 8th Block 2nd Street?

The current guideline value of Kaviarasu Kannadasan Nagar 8th Block 2nd 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, reflecting a +10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft. Kaviarasu Kannadasan Nagar 8th Block 2nd Street's guideline value of Rs 3,300 per sq.ft is above this median.

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 based on the higher of the guideline value and the sale price.

Which office handles registrations for properties in Kaviarasu Kannadasan Nagar 8th Block 2nd Street?

The Madhavaram Sub Registrar Office handles registrations for properties in Kaviarasu Kannadasan Nagar 8th Block 2nd Street. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.