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Guideline Value

Corporate

Guideline Value for Thiyagaraya Nagar 1st Street

₹2200/sq.ft.

The guideline value for Thiyagaraya Nagar 1st Street in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2000 /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 Thiyagaraya Nagar 1st Street

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Thiyagaraya Nagar 1st Street guideline value

The current guideline value of Thiyagaraya Nagar 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Thiyagaraya Nagar 1st Street has changed

The guideline value for Thiyagaraya Nagar 1st Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which reflects a 10% increase from Rs 2,000 per sq.ft in the 2023 revision. The 2012 revision also recorded a figure of Rs 2,000 per sq.ft, indicating no change from 2012 to 2023.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Kodungaiyur

Kodungaiyur village has a total of 1,318 streets under the Madhavaram SRO, with guideline values for 2024 ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, making the current value of Thiyagaraya Nagar 1st Street below this median.

Stamp duty and registration fee for property in Thiyagaraya Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total costs together to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thiyagaraya Nagar 1st Street?

The Sub Registrar Office that covers Thiyagaraya Nagar 1st 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 during property transactions in Kodungaiyur. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is legally compliant.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall costs associated with property registration. Proper understanding of this value can help in planning and budgeting for property transactions.

Frequently asked questions

What is the current guideline value of Thiyagaraya Nagar 1st Street?

The current guideline value of Thiyagaraya Nagar 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There was no change from 2012 to 2023, with Rs 2,000 per sq.ft recorded in both years.

What is the stamp duty rate for property in Thiyagaraya Nagar 1st Street?

The stamp duty rate for property transactions in Thiyagaraya Nagar 1st Street is 7% of the guideline value or the sale price, whichever is higher.

What is the registration fee for property transactions?

The registration fee for property transactions in Thiyagaraya Nagar 1st Street is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thiyagaraya Nagar 1st Street?

The Sub Registrar Office for Thiyagaraya Nagar 1st Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.