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Guideline Value

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Guideline Value for Saravanan Street (Krishnamoorthy Nagar)

₹2700/sq.ft.

The guideline value for Saravanan Street (krishnamoorthy Nagar) 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 ₹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 Saravanan Street (krishnamoorthy Nagar)

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Saravanan Street (Krishnamoorthy Nagar) guideline value

The current guideline value of Saravanan Street (Krishnamoorthy Nagar) 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 Saravanan Street (Krishnamoorthy Nagar) has changed

The guideline value for Saravanan Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the current 2024 revision has raised it further to Rs 2,700 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 represents an increase of 8%. Overall, comparing the 2012 revision to the current 2024 value, there has been an increase of 8%.

Guideline values in Kodungaiyur

Kodungaiyur village has 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 guideline value for these streets is Rs 2,700 per sq.ft, which matches the current value for Saravanan Street.

Stamp duty and registration fee for property in Saravanan Street (Krishnamoorthy Nagar)

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, charged at 7%, would be Rs 1,89,000, and the registration fee, charged at 2%, would be Rs 54,000. Together, these fees 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saravanan Street (Krishnamoorthy Nagar)?

The Sub Registrar Office that covers Saravanan Street (Krishnamoorthy Nagar) 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 critical factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership.

Both buyers and sellers should be aware that the guideline value can affect the overall cost of the transaction. It is essential to consult the latest guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Saravanan Street (Krishnamoorthy Nagar)?

The current guideline value of Saravanan Street (Krishnamoorthy Nagar) 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 seen several revisions, with the most recent increase from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024. The value has increased overall by 8% from 2012 to 2024.

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

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. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Saravanan Street?

The Madhavaram Sub Registrar Office covers Saravanan Street (Krishnamoorthy Nagar) and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Saravanan Street?

Saravanan Street (Krishnamoorthy Nagar) is classified as Residential Class I Type - I, which indicates its designation for residential purposes within the area.