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Guideline Value

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Guideline Value for Thiruvalluvar Nagar 1st Main Road 7th Street

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 1st Main Road 7th 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 ₹1675 /sq.ft.
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 1st Main Road 7th Street

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Thiruvalluvar Nagar 1st Main Road 7th Street guideline value

The current guideline value for Thiruvalluvar Nagar 1st Main Road 7th 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 1st Main Road 7th Street has changed

The guideline value for Thiruvalluvar Nagar 1st Main Road 7th Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. The most recent 2024 revision increased this to Rs 2,700 per sq.ft, marking a significant change of +61% from the previous figure.

It is important to note that the register has no figures for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, only the values from the 2017 and 2024 revisions are applicable.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO with a 2024 guideline value 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 aligns with the guideline value for Thiruvalluvar Nagar 1st Main Road 7th Street.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 1st Main Road 7th 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 to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 1st Main Road 7th Street?

The Thiruvalluvar Nagar 1st Main Road 7th Street is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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 sale or purchase of property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar 1st Main Road 7th Street?

The current guideline value for Thiruvalluvar Nagar 1st Main Road 7th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

The guideline value increased from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, which is a change of +61%.

What is the land classification for this street?

Thiruvalluvar Nagar 1st Main Road 7th Street is classified as Residential Class I Type - I.

Where is the Madhavaram Sub Registrar Office located?

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?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000.