Guideline Value

Corporate

Guideline Value for Nidhulan Avenue

₹1650/sq.ft.

The guideline value for Nidhulan Avenue in Kovur village (Kunrathur SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kovur

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /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.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Nidhulan Avenue

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Nidhulan Avenue guideline value

The current guideline value of Nidhulan Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kovur village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Nidhulan Avenue has changed

Over the years, the guideline value of Nidhulan Avenue has seen several revisions. The 2017 revision recorded a value of Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in 2023. The latest revision in 2024 has raised the guideline value to Rs 1,650 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the value has risen by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Nidhulan Avenue. The substantial increase from 2017 to 2023 was 49%, reflecting a significant change in the guideline value during this period.

Guideline values in Kovur

Kovur village has a total of 91 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Nidhulan Avenue.

Stamp duty and registration fee for property in Nidhulan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nidhulan Avenue?

The Sub Registrar Office that covers Nidhulan Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Kovur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold or bought, the guideline value is used to calculate the applicable duties and fees, ensuring that the transaction is compliant with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Nidhulan Avenue?

The current guideline value of Nidhulan Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Nidhulan Avenue has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What other streets have the same guideline value in Kovur?

Several other streets in Kovur also have a guideline value of Rs 1,650 per sq.ft for 2024, including Nataraj Nagar Part V, Nataraj nagar, Nadu street, Mutharamman Nagar (or) Sri Ambal Nagar II, Perumal Koil Street, and Moogambigai Nagar Annex.

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

The guideline value plays a crucial role in property transactions as it determines the stamp duty and registration fees that are payable when buying or selling property. It ensures that the transaction is aligned with the regulations set by the Registration Department.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of property transactions in the area.