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Guideline Value

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Guideline Value for Sri Ram Nagar 1st Main Road

₹2200/sq.ft.

The guideline value for Sri Ram Nagar 1st Main Road 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 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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 Sri Ram Nagar 1st Main Road

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Sri Ram Nagar 1st Main Road guideline value

The current guideline value of Sri Ram Nagar 1st Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Ram Nagar 1st Main Road has changed

Looking at the revisions, the guideline value for Sri Ram Nagar 1st Main Road was Rs 2,000 per sq.ft in 2012. It then decreased to Rs 1,340 per sq.ft in 2017. However, from 2017 to 2024, the value increased significantly to Rs 2,200 per sq.ft, marking a 64% rise. The overall change from 2012 to 2024 is an increase of 10%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street. Thus, the only relevant revisions are from 2012, 2017, and the current 2024 figure.

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 Sri Ram Nagar 1st Main Road is below this median.

Stamp duty and registration fee for property in Sri Ram Nagar 1st Main Road

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, while the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Ram Nagar 1st Main Road?

The Sub Registrar Office that covers Sri Ram Nagar 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 a crucial factor when buying or selling property in Kodungaiyur, as it determines the minimum value at which the property can be registered. This value is used by the registration office to calculate the applicable stamp duty and registration fees.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during the registration process. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar 1st Main Road?

The current guideline value of Sri Ram Nagar 1st Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and finally to Rs 2,200 per sq.ft in 2024, which is a 64% increase from 2017.

What is the land classification for Sri Ram Nagar 1st Main Road?

Sri Ram Nagar 1st Main Road is classified as Residential Class II Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Sri Ram Nagar 1st Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.