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Guideline Value

Corporate

Guideline Value for Seetha Ram Nagar 2nd Cross Street

₹2700/sq.ft.

The guideline value for Seetha Ram Nagar 2nd Cross 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 Seetha Ram Nagar 2nd Cross Street

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Seetha Ram Nagar 2nd Cross Street guideline value

The current guideline value of Seetha Ram Nagar 2nd Cross 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 it falls under the Residential Class I Type - I land classification.

How the guideline value of Seetha Ram Nagar 2nd Cross Street has changed

The guideline value for Seetha Ram Nagar 2nd Cross Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. The most recent revision in 2024 increased this value to Rs 2,700 per sq.ft, marking a significant increase of 61% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street. The only revisions with figures are from 2017 and 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value 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 2024 figure for Seetha Ram Nagar 2nd Cross Street.

Stamp duty and registration fee for property in Seetha Ram Nagar 2nd Cross 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 or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Seetha Ram Nagar 2nd Cross Street?

The Sub Registrar Office that covers Seetha Ram Nagar 2nd Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

When a property is sold, the guideline value helps in determining the minimum price at which the property can be registered. This ensures transparency and accountability in property transactions, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value of Seetha Ram Nagar 2nd Cross Street?

The current guideline value of Seetha Ram Nagar 2nd Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision, the guideline value increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft in 2024, which is a change of 61%.

Which Sub Registrar Office is responsible for Seetha Ram Nagar 2nd Cross Street?

The Madhavaram Sub Registrar Office is responsible for Seetha Ram Nagar 2nd Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Seetha Ram Nagar 2nd Cross Street is charged at 7% of the guideline value or the sale price, whichever is higher.

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

Yes, there are several other streets in Kodungaiyur with a guideline value of Rs 2,700 per sq.ft, including Seetha Ram Nagar 1st Street, Seetha Ram Nagar 2nd Street, and others.