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Guideline Value

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Guideline Value for Thiruvalluvar Nagar 2nd Main Road

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 2nd Main Road 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 ₹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 2nd Main Road

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Thiruvalluvar Nagar 2nd Main Road guideline value

The current guideline value for Thiruvalluvar Nagar 2nd Main Road 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 2nd Main Road has changed

The guideline value for Thiruvalluvar Nagar 2nd Main Road has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. This was followed by a decrease in 2017, where the value dropped to Rs 1,675 per sq.ft. However, the most recent revision in 2024 has increased the guideline value to Rs 2,700 per sq.ft, reflecting a significant increase of 61% from the 2017 figure.

From 2012 to 2017, there was a decrease of 33% in the guideline value, but overall, from 2012 to 2024, there has been a slight increase of 8%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

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 guideline value for the area is Rs 2,700 per sq.ft, which is the same as the current guideline value for Thiruvalluvar Nagar 2nd Main Road.

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

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 these fees to 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 information.

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

The Sub Registrar Office that covers Thiruvalluvar Nagar 2nd Main Road is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Kodungaiyur

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted at fair values.

During the registration process, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers and sellers need to be aware of the guideline value to avoid any discrepancies during the registration of property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 2nd Main Road?

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

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with the 2012 figure at Rs 2,500 per sq.ft, dropping to Rs 1,675 per sq.ft in 2017, and then rising to Rs 2,700 per sq.ft in 2024.

What is the land classification for Thiruvalluvar Nagar 2nd Main Road?

The land classification for Thiruvalluvar Nagar 2nd Main Road is 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 do stamp duty and registration fees work for properties in Kodungaiyur?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. It is essential for buyers and sellers to understand these fees to ensure a smooth registration process.