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Guideline Value

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Guideline Value for Thiruvalluvar Nagar 1st Main Road 6th Street

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 1st Main Road 6th Street 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 Thiruvalluvar Nagar 1st Main Road 6th Street

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Thiruvalluvar Nagar 1st Main Road 6th Street guideline value

The current guideline value for Thiruvalluvar Nagar 1st Main Road 6th Street is Rs 2,700 per sq.ft. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Thiruvalluvar Nagar 1st Main Road 6th Street has changed

The guideline value for this street has undergone several revisions since 2002. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then increased to Rs 2,700 per sq.ft in the 2024 revision, reflecting an increase of 8% over the 12-year period. The register has no figure for the years 2003, 2007, 2017, and 2023.

In summary, the 2024 revision shows a significant change from the previous figure set in 2012. The current guideline value aligns with the median value of Rs 2,700 per sq.ft for streets in Kodungaiyur under the Madhavaram SRO.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with the median being Rs 2,700 per sq.ft. Thiruvalluvar Nagar 1st Main Road 6th Street's 2024 figure is equal to this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 1st Main Road 6th 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, bringing the total cost for duty and registration to Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 1st Main Road 6th Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 1st Main Road 6th 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 an essential factor in property transactions in Kodungaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the value of the property being exchanged. It is crucial for buyers to be aware of the current guideline value to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar 1st Main Road 6th Street?

The current guideline value for Thiruvalluvar Nagar 1st Main Road 6th Street is Rs 2,700 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

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

What is the land classification for this street?

Thiruvalluvar Nagar 1st Main Road 6th Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060, and it covers Thiruvalluvar Nagar 1st Main Road 6th Street.