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Guideline Value

Corporate

Guideline Value for Narasimman Kallarai Salai

₹2700/sq.ft.

The guideline value for Narasimman Kallarai Salai in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. 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 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 Narasimman Kallarai Salai

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Narasimman Kallarai Salai guideline value

The current guideline value of Narasimman Kallarai Salai is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Narasimman Kallarai Salai has changed

In the 2023 revision, the guideline value for Narasimman Kallarai Salai was Rs 2,500 per sq.ft. The increase to Rs 2,700 per sq.ft in the 2024 revision represents an 8% rise. Notably, the register has no figures for this street for the years 2017, 2012, 2007, 2003, and 2002.

The guideline value has seen a consistent increase over the recent years, with the most recent revision reflecting the current market conditions. The 2024 value aligns with the median guideline value for Kodungaiyur, which is also Rs 2,700 per sq.ft.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median of Rs 2,700 per sq.ft. Narasimman Kallarai Salai's guideline value matches this median.

Stamp duty and registration fee for property in Narasimman Kallarai Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total 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, bringing the total to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Narasimman Kallarai Salai?

The Madhavaram Sub Registrar Office covers Narasimman Kallarai Salai, 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 serves as a benchmark for determining the stamp duty and registration fees applicable on the property.

When buying or selling property, the guideline value must be considered to ensure compliance with local regulations and to accurately calculate the associated costs. This value helps in maintaining transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Narasimman Kallarai Salai?

The current guideline value of Narasimman Kallarai Salai 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 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the registration fees for properties in Narasimman Kallarai Salai?

The registration fees are calculated based on the guideline value. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles property registrations for Narasimman Kallarai Salai?

The Madhavaram Sub Registrar Office handles property registrations for Narasimman Kallarai Salai, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures compliance with local regulations and provides a standardized approach to property valuation.