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Guideline Value

Corporate

Guideline Value for Sasirekkamma Nagar 2nd Street

₹2700/sq.ft.

The guideline value for Sasirekkamma Nagar 2nd Street 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 Sasirekkamma Nagar 2nd Street

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Sasirekkamma Nagar 2nd Street guideline value

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

How the guideline value of Sasirekkamma Nagar 2nd Street has changed

Since its last revision in 2017, the guideline value of Sasirekkamma Nagar 2nd Street has seen significant changes. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2012 revision. However, the value dropped to Rs 2,500 in 2012, marking a decrease of 33%. The most recent revision in 2023 raised the value to Rs 2,500 per sq.ft, and the current 2024 revision has increased it to Rs 2,700 per sq.ft, reflecting an 8% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The revisions for the years 2002, 2003, and 2007 have no figures listed for this street in the register.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Sasirekkamma Nagar 2nd Street.

Stamp duty and registration fee for property in Sasirekkamma Nagar 2nd Street

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 the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sasirekkamma Nagar 2nd Street?

The Sub Registrar Office that covers Sasirekkamma Nagar 2nd Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Kodungaiyur. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must refer to the current guideline value to ensure compliance with the legal requirements.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value, which is essential for tax purposes. This value helps maintain transparency in property transactions and ensures that all parties are aware of the financial implications involved.

Frequently asked questions

What is the current guideline value of Sasirekkamma Nagar 2nd Street?

The current guideline value of Sasirekkamma Nagar 2nd Street 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 1,675 per sq.ft in 2017 to Rs 2,500 in 2023, and then to Rs 2,700 in 2024. Overall, from 2012 to 2024, the value has increased by 8%.

What is the land classification for Sasirekkamma Nagar 2nd Street?

Sasirekkamma Nagar 2nd Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Sasirekkamma Nagar 2nd Street?

The registration office for Sasirekkamma Nagar 2nd Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Sasirekkamma Nagar 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.