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Guideline Value

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Guideline Value for Thiruvalluvar Nagar 1st Main Road 2nd Street

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 1st Main Road 2nd 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 2nd Street

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Thiruvalluvar Nagar 1st Main Road 2nd Street guideline value

The current guideline value for Thiruvalluvar Nagar 1st Main Road 2nd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thiruvalluvar Nagar 1st Main Road 2nd Street has changed

The guideline value for Thiruvalluvar Nagar 1st Main Road 2nd Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 2,500 per sq.ft, which remained unchanged through the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Between the 2012 and 2024 revisions, the overall change was also an increase of 8%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 for this street in the register.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the 2024 figure for Thiruvalluvar Nagar 1st Main Road 2nd Street.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 1st Main Road 2nd Street

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, resulting in a total of 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.

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

Which Sub Registrar Office covers Thiruvalluvar Nagar 1st Main Road 2nd Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 1st Main Road 2nd 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

When buying or selling property in Kodungaiyur, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value is used as a benchmark to ensure that the property is registered at a value that reflects the market conditions as set by the Registration Department.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Understanding these values helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar 1st Main Road 2nd Street?

The current guideline value for Thiruvalluvar Nagar 1st Main Road 2nd Street 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 2012 to Rs 2,500 per sq.ft in 2023, and then increased to Rs 2,700 per sq.ft in 2024. This represents an overall increase of 8% from 2012 to 2024.

Which Sub Registrar Office covers this street?

The Madhavaram Sub Registrar Office covers Thiruvalluvar Nagar 1st Main Road 2nd Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the other streets in Kodungaiyur with the same guideline value?

Other streets in Kodungaiyur that share the same guideline value of Rs 2,700 per sq.ft include Thiruvalluvar Nagar 1st Main Road 1st Street, Thiruvalluvar Nagar 1st Main Road 3rd Street, Thiruvalluvar Nagar 1st Main Road 4th Street, Thiruvalluvar Nagar 1st Main Road, and Thiruvalluvar Nagar 1st Main Road 5th Street.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000.