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Guideline Value

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Guideline Value for Solaiamman Koil Street (T.H. Road)

₹2700/sq.ft.

The guideline value for Solaiamman Koil Street (t.h. Road) in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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 Solaiamman Koil Street (t.h. Road)

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Solaiamman Koil Street (T.H. Road) guideline value

The current guideline value of Solaiamman Koil Street (T.H. Road) is Rs 2,700 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 I Type - I.

How the guideline value of Solaiamman Koil Street (T.H. Road) has changed

The guideline value for Solaiamman Koil Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,500 per sq.ft. In 2017, the value decreased to Rs 1,675 per sq.ft, marking a decline of 33%. However, by 2023, the value increased significantly to Rs 2,500 per sq.ft, and in the latest 2024 revision, it rose further to Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 8%. The 2023 revision showed a notable increase of 49% from the 2017 figure. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is the same as the current value for Solaiamman Koil Street (T.H. Road).

Stamp duty and registration fee for property in Solaiamman Koil Street (T.H. Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that the 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 Solaiamman Koil Street (T.H. Road)?

The Sub Registrar Office that covers Solaiamman Koil Street (T.H. 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 plays a crucial role in the registration process when buying or selling property in Kodungaiyur. It is used to determine the stamp duty and registration fees that must be paid during the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for buyers and sellers alike, as it ensures compliance with local regulations and helps in accurately assessing the costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Solaiamman Koil Street (T.H. Road)?

The current guideline value of Solaiamman Koil Street (T.H. Road) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024. It also increased from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023.

What are the other streets in Kodungaiyur with their guideline values?

Other streets in Kodungaiyur have varying guideline values. For example, Solai Amman Koil Street (Koyyathoppu) is valued at Rs 2,200 per sq.ft, while several other streets, including Solaiamman Koil 1st, 2nd, 3rd, and 4th Streets, are valued at Rs 2,700 per sq.ft.

What are the stamp duty and registration fees for properties on this street?

The stamp duty for properties on Solaiamman Koil Street is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot valued at Rs 27,00,000, the total fees would amount to Rs 2,43,000.

Which office handles property registrations for Solaiamman Koil Street?

The Madhavaram Sub Registrar Office handles property registrations for Solaiamman Koil Street (T.H. Road). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.