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Guideline Value

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Guideline Value for Sasirekkamma Nagar 8th Street

₹2700/sq.ft.

The guideline value for Sasirekkamma Nagar 8th Street in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. 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 N/A
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 8th Street

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Sasirekkamma Nagar 8th Street guideline value

The current guideline value of Sasirekkamma Nagar 8th 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 8th Street has changed

The guideline value for Sasirekkamma Nagar 8th Street has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,675 per sq.ft. The most recent revision, effective from 1 July 2024, has increased this value to Rs 2,700 per sq.ft, marking a significant increase of 61% from the 2017 figure.

There are no figures available for the revisions in the years 2023, 2012, 2007, 2003, and 2002 for this street. The 2024 revision aligns with the median guideline value for the 1318 streets in Kodungaiyur, which ranges from Rs 1,900 to Rs 4,000 per sq.ft.

Guideline values in Kodungaiyur

In Kodungaiyur, the guideline values for properties vary significantly. As of the 2024 revision, Sasirekkamma Nagar 8th Street's guideline value of Rs 2,700 per sq.ft is equal to the median value in the area. The following are the guideline values for other streets in Kodungaiyur:

Stamp duty and registration fee for property in Sasirekkamma Nagar 8th 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, these fees would total 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 8th Street?

The Sasirekkamma Nagar 8th Street is covered by 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 in property transactions in Kodungaiyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable. It serves as a benchmark for the minimum value at which properties can be registered.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations. The guideline value is updated periodically, reflecting changes in the real estate market and local infrastructure developments.

Frequently asked questions

What is the current guideline value of Sasirekkamma Nagar 8th Street?

The current guideline value of Sasirekkamma Nagar 8th 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, representing a 61% increase. There are no figures available for the revisions in the years 2023, 2012, 2007, 2003, and 2002.

What is the land classification for Sasirekkamma Nagar 8th Street?

Sasirekkamma Nagar 8th Street is classified as Residential Class I Type - I. This classification indicates the type of development permissible in the area.

What are the stamp duty and registration fees for properties 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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sasirekkamma Nagar 8th Street?

The Madhavaram Sub Registrar Office, which covers Sasirekkamma Nagar 8th Street, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details online.