Guideline Value

Corporate

Guideline Value for Thiruvalluvar Salai

₹2700/sq.ft.

The guideline value for Thiruvalluvar Salai 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 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 Salai

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Thiruvalluvar Salai guideline value

The current guideline value of Thiruvalluvar Salai 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 Salai has changed

The guideline value for Thiruvalluvar Salai has undergone revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was later increased to Rs 2,700 per sq.ft in the 2024 revision, marking an increase of 8%. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023.

From the 2012 revision to the 2024 revision, the increase reflects a change in the valuation standards. The current value is aligned with the median guideline value for other streets in Kodungaiyur, which also stands at Rs 2,700 per sq.ft.

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. Thiruvalluvar Salai's 2024 figure of Rs 2,700 per sq.ft is equal to the median value for the area.

Stamp duty and registration fee for property in Thiruvalluvar Salai

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. 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 more detailed calculations.

Which Sub Registrar Office covers Thiruvalluvar Salai?

The Madhavaram Sub Registrar Office covers Thiruvalluvar Salai. The address is 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 in the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Salai?

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

How has the guideline value changed over the years?

The guideline value changed from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, reflecting an increase of 8%. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023.

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

Other streets in Kodungaiyur that share the same guideline value of Rs 2,700 per sq.ft include Thiruvalluvar Salai 1st Cross Street, Thiruvalluvar Salai 2nd Cross Street, Thiruvalluvar Nagar Main Road Joint Salai, Thiruvalluvar Street, Thiruvalluvar Nagar 9th Main Road, and Thiruvalluvar Nagar 9th Cross Street.

How is the stamp duty calculated for properties in Thiruvalluvar Salai?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000.

Where can I find the Sub Registrar Office for Thiruvalluvar Salai?

The Madhavaram Sub Registrar Office covers Thiruvalluvar Salai, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information by visiting the relevant link.