Guideline Value

Corporate

Guideline Value for Thiruvalluvar Street (Part)

₹2700/sq.ft.

The guideline value for Thiruvalluvar Street (part) 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 Street (part)

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Thiruvalluvar Street (Part) guideline value

The current guideline value of Thiruvalluvar Street (Part) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Thiruvalluvar Street (Part) has changed

The guideline value for Thiruvalluvar Street (Part) has seen several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 61%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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. The median guideline value for these streets is Rs 2,700 per sq.ft, which matches the current value of Thiruvalluvar Street (Part).

Stamp duty and registration fee for property in Thiruvalluvar Street (Part)

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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Street (Part)?

The Sub Registrar Office that covers Thiruvalluvar Street (Part) 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 is a crucial factor in property transactions in Kodungaiyur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

Buyers and sellers should be aware that the guideline value can influence the overall transaction costs. It is advisable to check the latest guideline values before proceeding with any property transactions to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street (Part)?

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

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased by 61% to the current rate of Rs 2,700 per sq.ft in 2024. The most recent change from 2023 to 2024 was an increase of 8%.

Which Sub Registrar Office should I contact for transactions in Kodungaiyur?

The Madhavaram Sub Registrar Office covers transactions in Kodungaiyur. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the stamp duty on property in Thiruvalluvar Street (Part)?

The stamp duty on property in Thiruvalluvar Street (Part) is 7% of the guideline value or sale price, whichever is higher. For example, on a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000.

Where can I find more information about stamp duty and registration fees?

For detailed information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator available online.