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Guideline Value

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Guideline Value for Thiruvalluvar Nagar 9th Main Road

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 9th 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 9th Main Road

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Thiruvalluvar Nagar 9th Main Road guideline value

The current guideline value of Thiruvalluvar Nagar 9th 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 it falls under the Residential Class I Type - I land classification.

How the guideline value of Thiruvalluvar Nagar 9th Main Road has changed

In the 2012 revision, the guideline value for Thiruvalluvar Nagar 9th Main Road was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also listed the value at Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register does not contain figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1318 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 is Rs 2,700 per sq.ft, which is the same as the 2024 guideline value for Thiruvalluvar Nagar 9th Main Road.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 9th Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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, making the total Rs 2,43,000. It is important to note that 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 details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 9th Main Road?

The Sub Registrar Office that covers Thiruvalluvar Nagar 9th 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 a crucial factor when registering property transactions in Kodungaiyur. It serves as the minimum value for which a property can be registered, ensuring that the registration process is transparent and standardized.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that both parties in the transaction are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 9th Main Road?

The current guideline value of Thiruvalluvar Nagar 9th Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value was Rs 2,500 per sq.ft in 2012 and remained the same until 2023. In 2024, it increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

What is the land classification for Thiruvalluvar Nagar 9th Main Road?

Thiruvalluvar Nagar 9th Main Road falls under the Residential Class I Type - I land classification.

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 is stamp duty calculated for properties in Thiruvalluvar Nagar 9th Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000, leading to a stamp duty of Rs 1,89,000 at 7%.