Guideline Value for Kodungaiyur Road

Kodungaiyur Road guideline value

The current guideline value of Kodungaiyur Road is Rs 3,000 per sq.ft, effective from 1 July 2024. This road is located in Jampuli village under the Madhavaram SRO, classified as Residential Class I Type - II.

How the guideline value of Kodungaiyur Road has changed

The guideline value for Kodungaiyur Road has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017, and then an increase to Rs 2,200 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 3,000 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The jump from 2023 to 2024 represents a 36% increase, leading to an overall increase of 36% from 2012 to 2024.

Guideline values in Jampuli

In Jampuli village, there are 118 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,450 per sq.ft, making the guideline value of Kodungaiyur Road above this median.

• K.K.R. Town West Street: Rs 2,700 per sq.ft (2024)
• K.K.R. Town West Avenue Road: Rs 2,700 per sq.ft (2024)
• K.K.R. Town East Street: Rs 2,700 per sq.ft (2024)
• K.K.R. Town East Cross Road: Rs 2,700 per sq.ft (2024)
• K.K.R. Town 9th Street: Rs 2,700 per sq.ft (2024)
• K.K.R. Town 8th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kodungaiyur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value would be Rs 30,00,000. The stamp duty at 7% would amount to Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total to Rs 2,70,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kodungaiyur Road?

The Kodungaiyur Road falls under the jurisdiction of 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 Jampuli

The guideline value is a crucial factor during property transactions in Jampuli, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value for calculating applicable duties and fees during the registration process.

When a property is sold, the guideline value helps in assessing the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction. It is essential to refer to the latest guideline values to avoid discrepancies at the time of registration.

Frequently asked questions

What is the current guideline value of Kodungaiyur Road?

The current guideline value of Kodungaiyur Road is Rs 3,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,200 per sq.ft in 2012 to Rs 3,000 per sq.ft in 2024, with various increases and a decrease in between.

What is the median guideline value in Jampuli?

The median guideline value in Jampuli village is Rs 2,450 per sq.ft, with Kodungaiyur Road's value being above this median.

What are the stamp duty and registration fees for a property in Kodungaiyur Road?

The total stamp duty and registration fees for a 1,000 sq.ft property at the guideline value of Rs 30,00,000 would amount to Rs 2,70,000, which includes stamp duty and registration fees.

Which office handles registrations for Kodungaiyur Road?

The Madhavaram Sub Registrar Office handles registrations for Kodungaiyur Road, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.