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Guideline Value

Corporate

Guideline Value for Sidco Main Road (Vivekananda Nagar)

₹3301/sq.ft.

The guideline value for Sidco Main Road (vivekananda Nagar) in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 3301 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3301 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3000 /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 Main Road (vivekananda Nagar)

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Sidco Main Road (Vivekananda Nagar) guideline value

The current guideline value of Sidco Main Road (Vivekananda Nagar) is Rs 3,301 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and falls under the Commercial Class I Type - I land classification.

How the guideline value of Sidco Main Road (Vivekananda Nagar) has changed

The guideline value for Sidco Main Road (Vivekananda Nagar) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,301 per sq.ft, which represents a 10% increase from the 2023 revision of Rs 3,000 per sq.ft. Prior to that, the 2012 revision also recorded a value of Rs 3,000 per sq.ft, indicating no change from that year to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Kodungaiyur

Kodungaiyur has 1,318 streets under the Madhavaram SRO, with guideline values for 2024 ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, placing Sidco Main Road (Vivekananda Nagar) above the median at Rs 3,301 per sq.ft.

Stamp duty and registration fee for property in Sidco Main Road (Vivekananda Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,301 per sq.ft, the total guideline value would be Rs 33,01,000. The stamp duty at 7% would amount to Rs 2,31,070, and the registration fee at 2% would be Rs 66,020, bringing the total to Rs 2,97,090. 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 Sidco Main Road (Vivekananda Nagar)?

The Sub Registrar Office that covers Sidco Main Road (Vivekananda Nagar) 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 during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to consider this value, as the stamp duty is calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Sidco Main Road (Vivekananda Nagar)?

The current guideline value of Sidco Main Road (Vivekananda Nagar) is Rs 3,301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,301 per sq.ft in 2024, marking a 10% increase. There was no change from 2012 to 2023, as the value remained Rs 3,000 per sq.ft.

What is the land classification for Sidco Main Road (Vivekananda Nagar)?

Sidco Main Road (Vivekananda Nagar) is classified as Commercial Class I Type - I. This classification impacts the guideline value and potential uses of the property.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in this area is 7%. This is calculated based on the higher of the guideline value or the sale price of the property.

Where is the Madhavaram Sub Registrar Office located?

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 Main Road (Vivekananda Nagar).