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Guideline Value

Corporate

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

₹3300/sq.ft.

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

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Kaviarasu Kannadasan Nagar 8th Block 7th Street guideline value

The current guideline value of Kaviarasu Kannadasan Nagar 8th Block 7th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, 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 7th Street has changed

The guideline value for Kaviarasu Kannadasan Nagar 8th Block 7th Street has seen revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft. From 2012 to 2024, the guideline value increased by 10%, bringing it to Rs 3,300 per sq.ft.

There are no figures available for the revisions in the years 2002, 2003, 2007, 2017, and 2023 for this street. The most recent revision in 2024 reflects the current rate of Rs 3,300 per sq.ft.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO with guideline values for 2024 ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value is Rs 2,700 per sq.ft, making the guideline value for Kaviarasu Kannadasan Nagar 8th Block 7th Street above this median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 8th Block 7th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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. Duty is charged on the higher of the guideline value or the sale price.

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

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

The Kaviarasu Kannadasan Nagar 8th Block 7th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Kodungaiyur. It determines the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value serves as a benchmark for pricing. It ensures that the transaction is registered at a value that reflects the current market standards set by the Registration Department.

Frequently asked questions

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

The current guideline value of Kaviarasu Kannadasan Nagar 8th Block 7th 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 increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, representing a 10% increase. There are no figures available for the revisions in the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Kaviarasu Kannadasan Nagar 8th Block 7th Street?

The land classification for Kaviarasu Kannadasan Nagar 8th Block 7th Street is Residential Special Type - I. This classification indicates the intended use of the land for residential purposes.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at a rate of 7%.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the Kaviarasu Kannadasan Nagar area.