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Guideline Value

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Guideline Value for Sivaraj Street (Meenambal Salai)

₹2200/sq.ft.

The guideline value for Sivaraj Street (meenambal Salai) 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 N/A
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 Sivaraj Street (meenambal Salai)

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Sivaraj Street (Meenambal Salai) guideline value

The current guideline value of Sivaraj Street (Meenambal Salai) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sivaraj Street (Meenambal Salai) has changed

The guideline value register has no figures for Sivaraj Street (Meenambal Salai) for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 2,200 per sq.ft.

Prior to the 2024 revision, there were no recorded figures for this street in the guideline value register. Therefore, the current figure represents the first registered value for Sivaraj Street (Meenambal Salai).

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 Sivaraj Street (Meenambal Salai) is below this median.

Stamp duty and registration fee for property in Sivaraj Street (Meenambal Salai)

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

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sivaraj Street (Meenambal Salai)?

The Sub Registrar Office that covers Sivaraj Street (Meenambal Salai) 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 a crucial component during the registration of property transactions in Kodungaiyur. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the official value of the property for registration purposes. Buyers and sellers should be aware of the guideline value to understand the financial implications related to taxes and fees during the transaction process.

Frequently asked questions

What is the current guideline value of Sivaraj Street (Meenambal Salai)?

The current guideline value of Sivaraj Street (Meenambal Salai) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no recorded figures for Sivaraj Street (Meenambal Salai) in the guideline value register for the years 2002, 2003, 2007, 2012, 2017, and 2023. The 2024 revision is the first recorded value for this street.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft. The guideline value of Sivaraj Street (Meenambal Salai) is below this median.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in this area is 7%, while the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Sivaraj Street (Meenambal Salai)?

The Sub Registrar Office for Sivaraj Street (Meenambal Salai) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.