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Guideline Value

Corporate

Guideline Value for Sasirekkamma Nagar 4th Street

₹2700/sq.ft.

The guideline value for Sasirekkamma Nagar 4th 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 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 Sasirekkamma Nagar 4th Street

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Sasirekkamma Nagar 4th Street guideline value

The current guideline value of Sasirekkamma Nagar 4th 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 4th Street has changed

The guideline value for Sasirekkamma Nagar 4th Street has seen several revisions over the years. The earliest recorded revision is from 2017, with a guideline value of Rs 1,675 per sq.ft. This figure increased to Rs 2,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, reflecting an increase of 8% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 61%. It is important to note that there are no recorded figures for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Kodungaiyur

Kodungaiyur village has a total of 1,318 streets under the Madhavaram SRO, with guideline values for 2024 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 is the same as the current value for Sasirekkamma Nagar 4th Street.

Stamp duty and registration fee for property in Sasirekkamma Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration fee would be 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sasirekkamma Nagar 4th Street?

The Sasirekkamma Nagar 4th Street falls under 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 crucial factor when registering property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy and compliance with local regulations. Buyers and sellers must be aware of the guideline value to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Sasirekkamma Nagar 4th Street?

The current guideline value of Sasirekkamma Nagar 4th 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 increased from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 61% over this period.

What is the stamp duty for property in Sasirekkamma Nagar 4th Street?

The stamp duty for property in Sasirekkamma Nagar 4th Street is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Madhavaram Sub Registrar Office covers Sasirekkamma Nagar 4th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

Are there other streets with the same guideline value in Kodungaiyur?

Yes, several other streets in Kodungaiyur have the same guideline value of Rs 2,700 per sq.ft, including Sasirekkamma Nagar 1st, 2nd, 3rd, 5th, 6th, and 7th Streets.