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Guideline Value

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Guideline Value for New Kubera Nagar/Kaduvetti Vinayagar Koil Street

₹2750/sq.ft.

The guideline value for New Kubera Nagar/kaduvetti Vinayagar Koil Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 New Kubera Nagar/kaduvetti Vinayagar Koil Street

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New Kubera Nagar/Kaduvetti Vinayagar Koil Street guideline value

The current guideline value of New Kubera Nagar/Kaduvetti Vinayagar Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of New Kubera Nagar/Kaduvetti Vinayagar Koil Street has changed

According to the register, there are no figures for New Kubera Nagar/Kaduvetti Vinayagar Koil Street for the years 2023, 2017, 2012, 2007, 2003, and 2002. The only available figure is from the 2024 revision, which is Rs 2,750 per sq.ft.

As there are no previous figures for this street in the register, there have been no changes recorded between revisions. The 2024 figure is the first guideline value established for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, which is equal to the guideline value of New Kubera Nagar/Kaduvetti Vinayagar Koil Street.

Stamp duty and registration fee for property in New Kubera Nagar/Kaduvetti Vinayagar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers New Kubera Nagar/Kaduvetti Vinayagar Koil Street?

The Sub Registrar Office that covers New Kubera Nagar/Kaduvetti Vinayagar Koil Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is an important factor when buying or selling property in Madipakkam-1. It is used to determine the stamp duty and registration fees applicable during the registration process. The higher of the guideline value or the sale price is considered for calculating these fees.

When you register a property, the guideline value ensures that the transaction is documented at a fair value, which is essential for legal and tax purposes. Buyers and sellers should be aware of the guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of New Kubera Nagar/Kaduvetti Vinayagar Koil Street?

The current guideline value of New Kubera Nagar/Kaduvetti Vinayagar Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

What revisions exist for the guideline value of this street?

According to the register, there are no figures for this street for the years 2023, 2017, 2012, 2007, 2003, and 2002. The only available figure is from the 2024 revision.

How does the guideline value compare to other streets in Madipakkam-1?

The guideline value of Rs 2,750 per sq.ft for New Kubera Nagar/Kaduvetti Vinayagar Koil Street is equal to the median value of Rs 2,750 per sq.ft for the 1,823 streets in Madipakkam-1 under the Velacheri SRO.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500. Duty is charged on the higher of the guideline value or the sale price.

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

The Velacheri Sub Registrar Office covers New Kubera Nagar/Kaduvetti Vinayagar Koil Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.