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Guideline Value

Corporate

Guideline Value for Thiruvalluvar Nagar 5th Cross Street

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 5th Cross 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 ₹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 5th Cross Street

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Thiruvalluvar Nagar 5th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 5th 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 falls under the Residential Class I Type - I land classification.

How the guideline value of Thiruvalluvar Nagar 5th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 5th Cross Street has seen several revisions over the years. The 2017 revision set the rate at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the value to Rs 2,700 per sq.ft, marking an increase of 8% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 61%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The change from 2017 to 2023 was a significant 49% increase, reflecting the adjustments made in the guideline values over the years.

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. The guideline value for Thiruvalluvar Nagar 5th Cross Street matches this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 5th 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 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 the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Nagar 5th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 5th Cross Street is 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 plays a crucial role when buying or selling property in Kodungaiyur. It is the minimum value set by the government for property transactions, ensuring that properties are registered at a fair value. This value is used to calculate the stamp duty and registration fees that buyers must pay during the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine 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 of Thiruvalluvar Nagar 5th Cross Street?

The current guideline value of Thiruvalluvar Nagar 5th 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 has changed significantly over the years, increasing from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 61%.

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

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.

Which office handles property registrations in this area?

The Madhavaram Sub Registrar Office handles property registrations for Thiruvalluvar Nagar 5th Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Thiruvalluvar Nagar 5th Cross Street?

Thiruvalluvar Nagar 5th Cross Street falls under the Residential Class I Type - I land classification.