Guideline Value

Corporate

Guideline Value for Shanthi Nagar 6th Street

₹2200/sq.ft.

The guideline value for Shanthi Nagar 6th Street in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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 Shanthi Nagar 6th Street

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Shanthi Nagar 6th Street guideline value

The current guideline value of Shanthi Nagar 6th Street is Rs 2,200 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 II Type - I.

How the guideline value of Shanthi Nagar 6th Street has changed

The guideline value for Shanthi Nagar 6th Street has seen several revisions over the years. The earliest recorded figure is from 2012, when it was set at Rs 2,000 per sq.ft. This value decreased by 33% to Rs 1,340 per sq.ft in the 2017 revision. However, the most recent revision in 2024 has increased the guideline value to Rs 2,200 per sq.ft, reflecting a 64% increase from the 2017 figure. There are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street.

Overall, comparing the 2012 and 2024 revisions, there has been a slight increase of 10% in the guideline value. This indicates fluctuations in the guideline values over the years, with significant changes occurring between the 2017 and 2024 revisions.

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, with a median value of Rs 2,700 per sq.ft. The guideline value of Rs 2,200 per sq.ft for Shanthi Nagar 6th Street is below this median.

Stamp duty and registration fee for property in Shanthi Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Shanthi Nagar 6th Street?

The Sub Registrar Office that covers Shanthi Nagar 6th Street 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 plays a crucial role during the registration process of property transactions in Kodungaiyur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the appropriate value of the property being transferred.

Frequently asked questions

What is the current guideline value of Shanthi Nagar 6th Street?

The current guideline value of Shanthi Nagar 6th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023 for this street.

What is the land classification for Shanthi Nagar 6th Street?

Shanthi Nagar 6th Street is classified as Residential Class II Type - I, which indicates its designation for residential purposes.

How is stamp duty calculated for properties in Shanthi Nagar 6th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 22,00,000, leading to specific stamp duty and registration fees.

Where is the Sub Registrar Office for Shanthi Nagar 6th Street located?

The Sub Registrar Office for Shanthi Nagar 6th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.