Guideline Value

Corporate

Guideline Value for Sidco 1st Main Road

₹2800/sq.ft.

The guideline value for Sidco 1st Main Road in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. The land classification is Industries Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Industries Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2600 /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 Sidco 1st Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sidco 1st Main Road guideline value

The current guideline value of Sidco 1st Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Industries Type - I.

How the guideline value of Sidco 1st Main Road has changed

The guideline value for Sidco 1st Main Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,800 per sq.ft, an increase of 8% from the 2012 revision, which was Rs 2,600 per sq.ft. The register does not contain figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Prior to the 2012 revision, the guideline value was not specified for the years mentioned. The 2012 revision marked the first recorded value for Sidco 1st Main Road, and since then, the value has increased, reflecting changes in the area’s classification and development.

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 value for these streets is Rs 2,700 per sq.ft, placing Sidco 1st Main Road's 2024 figure above this median.

Stamp duty and registration fee for property in Sidco 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sidco 1st Main Road?

The Sub Registrar Office that covers Sidco 1st Main Road 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 essential during the registration process when buying or selling property in Kodungaiyur. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects the prevailing market conditions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sidco 1st Main Road?

The current guideline value of Sidco 1st Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sidco 1st Main Road has changed from Rs 2,600 per sq.ft in 2012 to Rs 2,800 per sq.ft in 2024, marking an increase of 8%. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Sidco 1st Main Road?

Sidco 1st Main Road is classified as Industries Type - I. This classification affects the guideline value and potential uses of the land.

What is the stamp duty rate for properties in Sidco 1st Main Road?

The stamp duty rate for properties in Sidco 1st Main Road is 7% of the guideline value or sale price, whichever is higher. This is part of the costs incurred during property registration.

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 the registration of properties in the area, including Sidco 1st Main Road.