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Guideline Value

Corporate

Guideline Value for Nandanar Street (Vivekanandha Colony)

₹2700/sq.ft.

The guideline value for Nandanar Street (vivekanandha Colony) 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 N/A
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 Nandanar Street (vivekanandha Colony)

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Nandanar Street (Vivekanandha Colony) guideline value

The current guideline value of Nandanar Street (Vivekanandha Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Nandanar Street (Vivekanandha Colony) has changed

The guideline value for Nandanar Street (Vivekanandha Colony) has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 1,675 per sq.ft, which was then increased to Rs 2,700 per sq.ft in the 2024 revision, marking a change of +61%. The register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002.

From the 2017 revision to the 2024 revision, the guideline value rose from Rs 1,675 to Rs 2,700 per sq.ft. This increase reflects a notable adjustment in the valuation of properties in this area.

Guideline values in Kodungaiyur

In Kodungaiyur, the guideline values for the 2024 revision range from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Nandanar Street (Vivekanandha Colony) is equal to this median.

Stamp duty and registration fee for property in Nandanar Street (Vivekanandha Colony)

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Nandanar Street (Vivekanandha Colony)?

The Nandanar Street (Vivekanandha Colony) falls under the jurisdiction of the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is an essential factor when registering property transactions in Kodungaiyur. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

When buyers and sellers engage in property transactions, the guideline value helps determine the legal and financial obligations associated with the sale. It is crucial for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Nandanar Street (Vivekanandha Colony)?

The current guideline value of Nandanar Street (Vivekanandha Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, which is a change of +61%. The register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002.

What is the land classification for Nandanar Street (Vivekanandha Colony)?

The land classification for Nandanar Street (Vivekanandha Colony) is Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Nandanar Street (Vivekanandha Colony)?

For a property valued at Rs 27,00,000, the stamp duty at 7% amounts to Rs 1,89,000, and the registration fee at 2% is Rs 54,000, totaling Rs 2,43,000.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in Nandanar Street (Vivekanandha Colony).