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Guideline Value

Corporate

Guideline Value for School Street (Union Carbide Colony)

₹2700/sq.ft.

The guideline value for School Street (union Carbide Colony) 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 ₹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 School Street (union Carbide Colony)

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School Street (Union Carbide Colony) guideline value

The current guideline value of School Street (Union Carbide Colony) 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 School Street (Union Carbide Colony) has changed

Over the years, the guideline value for School Street has undergone several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in the 2017 revision. However, the most recent revision in 2024 saw a significant increase, bringing the value back up to Rs 2,700 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2023 in the register.

In terms of percentage changes, the guideline value increased by 61% from 2017 to 2024. Conversely, there was a decrease of 33% from 2012 to 2017. Overall, comparing the 2012 and 2024 revisions, the guideline value has seen a modest increase of 8%.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that have a guideline value 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 equal to the guideline value of School Street (Union Carbide Colony).

Stamp duty and registration fee for property in School Street (Union Carbide Colony)

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 and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers School Street (Union Carbide Colony)?

The Sub Registrar Office that covers School Street (Union Carbide Colony) 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 in Kodungaiyur, as it determines the minimum value at which properties can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the sale process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for both parties in a transaction to understand how this value impacts the overall costs associated with buying or selling property.

Frequently asked questions

What is the current guideline value of School Street (Union Carbide Colony)?

The current guideline value of School Street (Union Carbide Colony) 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 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then to Rs 2,700 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023.

What is the land classification of School Street (Union Carbide Colony)?

School Street (Union Carbide Colony) is classified as Residential Class I Type - I. This classification is important for determining the applicable guidelines and regulations for property in this area.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles property registrations for the area, including School Street (Union Carbide Colony).

How is the stamp duty calculated for properties in School Street (Union Carbide Colony)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,89,000.