Guideline Value

Corporate

Guideline Value for Kunjidham Guruswamy Street

₹1900/sq.ft.

The guideline value for Kunjidham Guruswamy Street in Erukancherry village (Madhavaram SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Erukancherry

Village

Madhavaram

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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 Kunjidham Guruswamy Street

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Kunjidham Guruswamy Street guideline value

The current guideline value of Kunjidham Guruswamy Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village, under the Madhavaram SRO, and is classified as Residential Class V Type - I.

How the guideline value of Kunjidham Guruswamy Street has changed

The guideline value of Kunjidham Guruswamy Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft. This was followed by a significant drop in the 2017 revision, which adjusted the value to Rs 1,206 per sq.ft, reflecting a decrease of 33%. The 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,900 per sq.ft, marking a 6% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back up to Rs 1,800 per sq.ft. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 6% from Rs 1,800 per sq.ft to Rs 1,900 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 3,800 per sq.ft, with a median value of Rs 2,500 per sq.ft. Kunjidham Guruswamy Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Kunjidham Guruswamy Street

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kunjidham Guruswamy Street?

The Sub Registrar Office that covers Kunjidham Guruswamy Street is 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 Erukancherry

The guideline value is a crucial factor during the registration of property transactions in Erukancherry. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When you register a property, the stamp duty is calculated based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kunjidham Guruswamy Street?

The current guideline value of Kunjidham Guruswamy Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,900 per sq.ft in 2024.

What is the land classification for Kunjidham Guruswamy Street?

Kunjidham Guruswamy Street is classified as Residential Class V Type - I, indicating its suitability for residential purposes.

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

The Sub Registrar Office for Kunjidham Guruswamy Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Erukancherry?

Stamp duty for properties in Erukancherry is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are collected during the registration process.