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Guideline Value

Corporate

Guideline Value for Thiruvalluvar Nagar 13th Cross Street

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 13th Cross Street 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 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 Thiruvalluvar Nagar 13th Cross Street

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Thiruvalluvar Nagar 13th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 13th Cross Street 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 Thiruvalluvar Nagar 13th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 13th Cross Street has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures are Rs 2,500 per sq.ft from the 2023 revision and Rs 2,700 per sq.ft from the 2024 revision, reflecting an increase of 8% between these two revisions.

Prior to the 2023 revision, the register does not provide any figures for this street. The 2024 guideline value of Rs 2,700 per sq.ft aligns with the median value for the 1318 streets in Kodungaiyur, which ranges from Rs 1,900 to Rs 4,000 per sq.ft.

Guideline values in Kodungaiyur

In Kodungaiyur, the guideline values range from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. Thiruvalluvar Nagar 13th Cross Street's 2024 figure is equal to this median. Below are the guideline values for other streets in Kodungaiyur:

Stamp duty and registration fee for property in Thiruvalluvar Nagar 13th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar 13th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 13th Cross Street 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 critical factor when registering property transactions in Kodungaiyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When buying or selling property, the guideline value helps both parties understand the official worth of the property, which is essential for legal and financial documentation. It ensures transparency in property transactions and helps in maintaining a fair process during registration.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar 13th Cross Street?

The current guideline value for Thiruvalluvar Nagar 13th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, representing an 8% increase.

What is the land classification for Thiruvalluvar Nagar 13th Cross Street?

Thiruvalluvar Nagar 13th Cross Street is classified as Residential Class I 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 Kodungaiyur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,700 per sq.ft would have a total guideline value of Rs 27,00,000, leading to specific stamp duty and registration fees.