Guideline Value

Corporate

Guideline Value for N.S.K. Salai Main Road

₹2700/sq.ft.

The guideline value for N.s.k. Salai Main Road in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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 N.s.k. Salai Main Road

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N.S.K. Salai Main Road guideline value

The current guideline value of N.S.K. Salai Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of N.S.K. Salai Main Road has changed

The guideline value for N.S.K. Salai Main Road has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. However, the most recent revision in 2024 saw a significant increase to Rs 2,700 per sq.ft, marking a 61% rise from the 2017 figure. The register has no figure for the years 2002, 2003, 2007, and 2023.

From 2012 to 2017, there was a decrease of 33% in the guideline value. Overall, comparing the figures from 2012 to 2024, there has been an increase of 8%. This reflects the fluctuations in the guideline value over the years, culminating in the current rate.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with the 2024 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, which is the same as the current guideline value for N.S.K. Salai Main Road.

Stamp duty and registration fee for property in N.S.K. Salai Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. 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 more details.

Which Sub Registrar Office covers N.S.K. Salai Main Road?

The Sub Registrar Office that covers N.S.K. Salai Main Road 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 Kodungaiyur

The guideline value is a crucial factor when registering property transactions in Kodungaiyur. It determines the stamp duty and registration fees that need to be paid during the transfer of property ownership. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price exceeds the guideline value, the stamp duty will be calculated based on the sale price. This ensures that the government receives the appropriate taxes based on the property's worth.

Frequently asked questions

What is the current guideline value of N.S.K. Salai Main Road?

The current guideline value of N.S.K. Salai Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then to Rs 2,700 per sq.ft in 2024. This marks a 61% increase from 2017 to 2024.

What is the land classification for N.S.K. Salai Main Road?

N.S.K. Salai Main Road falls under the Residential Class I Type - I land classification.

Which Sub Registrar Office is responsible for N.S.K. Salai Main Road?

The Madhavaram Sub Registrar Office is responsible for N.S.K. Salai Main Road, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 27,00,000, the stamp duty would be calculated accordingly.