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Guideline Value

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Guideline Value for Thiruvalluvar Nagar 1st Main Road 3rd Street

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 1st Main Road 3rd 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 3rd Street

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Thiruvalluvar Nagar 1st Main Road 3rd Street guideline value

The current guideline value for Thiruvalluvar Nagar 1st Main Road 3rd 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 falls under the Residential Class I Type - I land classification.

How the guideline value of Thiruvalluvar Nagar 1st Main Road 3rd Street has changed

The guideline value for Thiruvalluvar Nagar 1st Main Road 3rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the value to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

There are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2017. Overall, from the 2012 revision to the 2024 revision, the guideline value increased by 8%.

Guideline values in Kodungaiyur

Kodungaiyur has 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, making the 2024 figure for Thiruvalluvar Nagar 1st Main Road 3rd Street equal to this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 1st Main Road 3rd 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. It is important to note that 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 Thiruvalluvar Nagar 1st Main Road 3rd Street?

The Thiruvalluvar Nagar 1st Main Road 3rd Street falls under the jurisdiction of 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 during property registration in Kodungaiyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that the transaction is recorded accurately in the government records.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar 1st Main Road 3rd Street?

The current guideline value for Thiruvalluvar Nagar 1st Main Road 3rd 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 the 2012 revision to Rs 2,700 per sq.ft in the 2024 revision, reflecting an 8% increase. There were no recorded figures for the years 2002, 2003, 2007, and 2017.

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

Other streets in Kodungaiyur under the Madhavaram SRO that share the same guideline value of Rs 2,700 per sq.ft include Thiruvalluvar Nagar 1st Main Road 1st Street, 2nd Street, 2nd Street Extension, 4th Street, 5th Street, and 6th Street.

What fees are associated with buying property in Thiruvalluvar Nagar 1st Main Road 3rd Street?

When purchasing property, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 2,43,000.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office, which covers Thiruvalluvar Nagar 1st Main Road 3rd Street, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find additional information by visiting the relevant link.