Guideline Value

Corporate

Guideline Value for Seetha Ram Nagar Main Road

₹2700/sq.ft.

The guideline value for Seetha Ram Nagar Main Road 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 Seetha Ram Nagar Main Road

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Seetha Ram Nagar Main Road guideline value

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

How the guideline value of Seetha Ram Nagar Main Road has changed

The guideline value for Seetha Ram Nagar Main Road has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision. The latest revision in 2024 saw a further increase to Rs 2,700 per sq.ft, marking an 8% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 61%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1318 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 value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Seetha Ram Nagar Main Road.

Stamp duty and registration fee for property in Seetha Ram Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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, totaling 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seetha Ram Nagar Main Road?

The Sub Registrar Office that covers Seetha Ram Nagar Main Road is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees.

During the registration process, the guideline value ensures that the property is not undervalued, thus safeguarding the interests of the state in terms of revenue collection. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Seetha Ram Nagar Main Road?

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

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 61%, rising from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft.

What are the other streets with the same guideline value in Kodungaiyur?

Other streets in Kodungaiyur with the same guideline value of Rs 2,700 per sq.ft include Seetha Ram Nagar 9th Street, 8th Street, 7th Street, 6th Street, 5th Street, and 5th Cross Street.

How is the stamp duty calculated for properties in Seetha Ram Nagar Main Road?

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

Where can I find the Sub Registrar Office for Seetha Ram Nagar Main Road?

The Sub Registrar Office for Seetha Ram Nagar Main Road is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.