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Guideline Value

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Guideline Value for Kaviarasu Kannadasan Nagar 8th Block 3rd Cross Street

₹3300/sq.ft.

The guideline value for Kaviarasu Kannadasan Nagar 8th Block 3rd Cross 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 3rd Cross Street

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Kaviarasu Kannadasan Nagar 8th Block 3rd Cross Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 8th Block 3rd 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, classified as Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 8th Block 3rd Cross Street has changed

The guideline value register for Kaviarasu Kannadasan Nagar 8th Block 3rd Cross Street shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 3,000 per sq.ft, which increased to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% rise.

With the 2024 revision, the current guideline value stands at Rs 3,300 per sq.ft. This figure reflects the latest update effective from 1 July 2024, indicating a significant increase from the previous year.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO with 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in the village is Rs 2,700 per sq.ft, placing Kaviarasu Kannadasan Nagar 8th Block 3rd Cross Street above this median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 8th Block 3rd 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 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. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 8th Block 3rd Cross Street?

The Kaviarasu Kannadasan Nagar 8th Block 3rd Cross Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Kodungaiyur

The guideline value plays a crucial role in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the law.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 8th Block 3rd Cross Street?

The current guideline value of Kaviarasu Kannadasan Nagar 8th Block 3rd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase.

What is the land classification for this street?

Kaviarasu Kannadasan Nagar 8th Block 3rd Cross Street is classified as Residential Special Type - I.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 33,00,000, the stamp duty at 7% is Rs 2,31,000, and the registration fee at 2% is Rs 66,000, totaling Rs 2,97,000.

Which office handles property registrations in this area?

The Madhavaram Sub Registrar Office handles property registrations for Kaviarasu Kannadasan Nagar 8th Block 3rd Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.