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Guideline Value

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

₹3300/sq.ft.

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

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

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

The guideline value for Kaviarasu Kannadasan Nagar 8th Block 8th Cross Street has seen several revisions over the years. The oldest revision available is from 2012, where the value was Rs 3,000 per sq.ft. In the 2024 revision, this value increased by 10% to Rs 3,300 per sq.ft.

There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 for this street. The most recent revision in 2024 reflects a significant increase compared to the earlier figure from 2012.

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 value for these streets is Rs 2,700 per sq.ft, placing the 2024 guideline value of Kaviarasu Kannadasan Nagar 8th Block 8th Cross Street above this median.

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 8th Block 8th 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, bringing the total costs together to Rs 2,97,000. It is important to 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 further calculations.

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

The Kaviarasu Kannadasan Nagar 8th Block 8th Cross 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 critical factor in the registration process when buying or selling property in Kodungaiyur. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects a fair valuation according to government standards.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value for Kaviarasu Kannadasan Nagar 8th Block 8th 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 increased 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 the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for this street?

Kaviarasu Kannadasan Nagar 8th Block 8th Cross Street is classified as Residential Special Type - I. This classification is important for understanding the types of developments permitted in the area.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 2,97,000 in fees based on the current guideline value.

Where can I find the Sub Registrar Office for this street?

The Madhavaram Sub Registrar Office covers Kaviarasu Kannadasan Nagar 8th Block 8th Cross Street and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registration processes for properties in the area.