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Guideline Value

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Guideline Value for Thiruvalluvar Nagar 7th Main Road

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 7th Main Road 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 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 7th Main Road

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Thiruvalluvar Nagar 7th Main Road guideline value

The current guideline value of Thiruvalluvar Nagar 7th Main Road 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 7th Main Road has changed

In the 2012 revision, the guideline value was recorded at Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also listed Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, reflecting an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been an 8% increase in the guideline value. The register does not have figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with the 2024 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 matches the current value for Thiruvalluvar Nagar 7th Main Road.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 7th 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 would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration fees would be Rs 2,43,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

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

The Sub Registrar Office that covers Thiruvalluvar Nagar 7th Main Road 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 when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When a property transaction occurs, the guideline value helps ensure that the registration fees are appropriately calculated based on the property's value. This value is crucial for both buyers and sellers to understand their financial obligations during a property transaction.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 7th Main Road?

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

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased by 8% to Rs 2,700 per sq.ft in the 2024 revision. The 2023 revision maintained the value at Rs 2,500 per sq.ft.

What is the classification of land for Thiruvalluvar Nagar 7th Main Road?

Thiruvalluvar Nagar 7th Main Road is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the other streets with the same guideline value in Kodungaiyur?

Other streets in Kodungaiyur with the same guideline value of Rs 2,700 per sq.ft include Thiruvalluvar Nagar 7th Cross Street, Thiruvalluvar Nagar 8th Cross Street, Thiruvalluvar Nagar 6th Main Road, Thiruvalluvar Nagar 8th Main Road, Thiruvalluvar Nagar 6th Cross Street, and Thiruvalluvar Nagar 9th Cross Street.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar 7th Main Road?

The Madhavaram Sub Registrar Office covers Thiruvalluvar Nagar 7th Main Road, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of property transactions in the area.