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Guideline Value

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Guideline Value for Thiruvalluvar Nagar 1st Main Road 1st Street

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 1st Main Road 1st 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 ₹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 Thiruvalluvar Nagar 1st Main Road 1st Street

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Thiruvalluvar Nagar 1st Main Road 1st Street guideline value

The current guideline value of Thiruvalluvar Nagar 1st Main Road 1st 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 it falls under the Residential Class I Type - I land classification.

How the guideline value of Thiruvalluvar Nagar 1st Main Road 1st Street has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained the same in the 2023 revision. However, the 2024 revision saw an increase to Rs 2,700 per sq.ft, reflecting an 8% rise from the previous year. The register does not have figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The 2024 figure of Rs 2,700 per sq.ft is equal to the median value for the 1318 streets in Kodungaiyur under the Madhavaram SRO, which ranges from Rs 1,900 to Rs 4,000 per sq.ft.

Guideline values in Kodungaiyur

Kodungaiyur village has a variety of guideline values across its streets. The 2024 guideline values for this street align with the median value of Rs 2,700 per sq.ft. Below are other streets in Kodungaiyur:

Stamp duty and registration fee for property in Thiruvalluvar Nagar 1st Main Road 1st 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, while the registration fee at 2% would be Rs 54,000, bringing the total fees together 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 more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 1st Main Road 1st Street?

The Thiruvalluvar Nagar 1st Main Road 1st Street falls under 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 stamp duty and registration fees that need to be paid during the property registration process.

When buyers or sellers engage in a transaction, the guideline value is referenced to ensure compliance with legal requirements. This value helps in assessing the financial obligations associated with the purchase or sale of property in the area.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 1st Main Road 1st Street?

The current guideline value of Thiruvalluvar Nagar 1st Main Road 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 2,500 per sq.ft to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8%.

What is the land classification of Thiruvalluvar Nagar 1st Main Road 1st Street?

Thiruvalluvar Nagar 1st Main Road 1st 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 the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at 7%.