Guideline Value

Corporate

Guideline Value for Thai Nagar Extension

₹2700/sq.ft.

The guideline value for Thai Nagar Extension in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
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 Thai Nagar Extension

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Thai Nagar Extension guideline value

The current guideline value of Thai Nagar Extension is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Thai Nagar Extension has changed

The guideline value for Thai Nagar Extension has seen several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 2,500 per sq.ft. The most recent revision in 2024 has increased this value to Rs 2,700 per sq.ft, marking an increase of 8% from the 2012 revision. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the guideline value increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024. This change reflects the current median value for the area, which is also Rs 2,700 per sq.ft, as recorded in the 2024 revision for other streets in Kodungaiyur.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. Thai Nagar Extension's guideline value of Rs 2,700 per sq.ft is equal to the median value for the area. The following are other streets in Kodungaiyur:

Stamp duty and registration fee for property in Thai Nagar Extension

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 fees to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thai Nagar Extension?

The Sub Registrar Office that covers Thai Nagar Extension 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 registering property transactions in Kodungaiyur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the authorities.

When buying or selling property, the guideline value is assessed to ensure compliance with legal requirements. This helps in maintaining transparency in property transactions, as it reflects the official value recognized by the registration department.

Frequently asked questions

What is the current guideline value of Thai Nagar Extension?

The current guideline value of Thai Nagar Extension is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, which is an increase of 8%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Thai Nagar Extension?

Thai Nagar Extension is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees can amount to Rs 2,43,000.

Where can I find the Sub Registrar Office for Thai Nagar Extension?

The Madhavaram Sub Registrar Office covers Thai Nagar Extension and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information and locate your SRO online.