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Guideline Value

Corporate

Guideline Value for Thiruvalluvar Nagar 3rd Cross Street

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 3rd Cross 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 3rd Cross Street

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Thiruvalluvar Nagar 3rd Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 3rd Cross 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 3rd Cross Street has changed

The guideline value for Thiruvalluvar Nagar 3rd Cross Street has undergone several revisions. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2023. The 2017 revision set the guideline value at Rs 1,675 per sq.ft. The latest revision in 2024 increased this to Rs 2,700 per sq.ft, reflecting a change of +61% from the previous figure.

With the 2024 revision, the guideline value aligns with the median value of Rs 2,700 per sq.ft for the 1,318 streets in Kodungaiyur under the Madhavaram SRO. This indicates that the current guideline value is consistent with the overall market in the area.

Guideline values in Kodungaiyur

In Kodungaiyur, the guideline values for 2024 range from Rs 1,900 to Rs 4,000 per sq.ft, with a median of Rs 2,700 per sq.ft. Thiruvalluvar Nagar 3rd Cross Street's guideline value is equal to this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 3rd Cross 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 3rd Cross Street?

The Sub Registrar Office covering Thiruvalluvar Nagar 3rd Cross Street 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 plays a crucial role in the registration process when buying or selling property in Kodungaiyur. It serves as a reference point for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value to ensure compliance with local regulations. Buyers and sellers should consider this value when negotiating prices and preparing for registration at the Madhavaram SRO.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 3rd Cross Street?

The current guideline value of Thiruvalluvar Nagar 3rd Cross 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 for Thiruvalluvar Nagar 3rd Cross Street was Rs 1,675 per sq.ft in 2017 and increased to Rs 2,700 per sq.ft in 2024, marking a change of +61%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2023.

What is the land classification for Thiruvalluvar Nagar 3rd Cross Street?

Thiruvalluvar Nagar 3rd Cross Street is classified as Residential Class I Type - I. This classification is important for understanding the permissible uses of the land.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 27,00,000, the stamp duty is Rs 1,89,000, and the registration fee is Rs 54,000, totaling Rs 2,43,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area, including Thiruvalluvar Nagar 3rd Cross Street.