Guideline Value for Sidco 3rd Main Road

Sidco 3rd Main Road guideline value

The current guideline value of Sidco 3rd 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, classified as Industries Type - I.

How the guideline value of Sidco 3rd Main Road has changed

The guideline value for Sidco 3rd Main Road has seen several revisions over the years. In 2012, the guideline value was Rs 2,600 per sq.ft, which decreased to Rs 1,742 per sq.ft in 2017. Following this, the value increased to Rs 2,600 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 2,800 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The latest increase from 2023 to 2024 is 8%, marking an overall increase of 8% from 2012 to 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, making the 2024 figure for Sidco 3rd Main Road above this median.

• Sidco 2nd Main Road: Rs 2,800 per sq.ft (2024)
• Sidco 1st Main Road: Rs 2,800 per sq.ft (2024)
• Sidco Main Road: Rs 3,301 per sq.ft (2024)
• Sidco Main Road (K.K. Nagar): Rs 3,301 per sq.ft (2024)
• Sidco Main Road (Vivekananda Nagar): Rs 3,301 per sq.ft (2024)
• Sivakami 1st Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sidco 3rd 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 amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sidco 3rd Main Road?

The Madhavaram Sub Registrar Office covers Sidco 3rd Main Road. The address is No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodungaiyur. It is the basis for calculating the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to determine the minimum value for taxation purposes, ensuring that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sidco 3rd Main Road?

The current guideline value of Sidco 3rd 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 has changed from Rs 2,600 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024, an increase of 8%. It was Rs 1,742 per sq.ft in 2017 and Rs 2,600 per sq.ft in 2012.

What is the median guideline value in Kodungaiyur?

The median guideline value for streets in Kodungaiyur is Rs 2,700 per sq.ft, with Sidco 3rd Main Road's 2024 figure being above this median.

What fees are associated with buying property on Sidco 3rd Main Road?

When buying property on Sidco 3rd Main Road, the total fees include stamp duty at 7% and a registration fee at 2% of the guideline value. For example, a 1,000 sq.ft plot would incur a total fee of Rs 2,52,000.

Where can I find the Sub Registrar Office for Sidco 3rd Main Road?

The Sub Registrar Office for Sidco 3rd Main Road is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.