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Guideline Value

Corporate

Guideline Value for Tondiarpet High Road 1st Street

₹3300/sq.ft.

The guideline value for Tondiarpet High Road 1st Street in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /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 Tondiarpet High Road 1st Street

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Tondiarpet High Road 1st Street guideline value

The current guideline value of Tondiarpet High Road 1st Street is Rs 3,300 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 Special Type - I land classification.

How the guideline value of Tondiarpet High Road 1st Street has changed

Over the years, the guideline value for Tondiarpet High Road 1st Street has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which was a decrease of 33% from the Rs 2,010 per sq.ft in 2017. In 2023, the guideline value increased to Rs 3,000 per sq.ft, and in the latest 2024 revision, it rose by 10% to Rs 3,300 per sq.ft.

The changes between revisions highlight significant fluctuations. From 2017 to 2023, there was a notable increase of 49%, while the overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Kodungaiyur

Kodungaiyur has 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft as of 2024. The median guideline value in the village is Rs 2,700 per sq.ft, placing Tondiarpet High Road 1st Street above this median.

Stamp duty and registration fee for property in Tondiarpet High Road 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Tondiarpet High Road 1st Street?

The Tondiarpet High Road 1st Street falls under 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 a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in the property market.

When buying or selling property, both the buyer and seller must consider the guideline value as it influences the stamp duty and registration fees payable during the transaction process.

Frequently asked questions

What is the current guideline value of Tondiarpet High Road 1st Street?

The current guideline value of Tondiarpet High Road 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 3,000 per sq.ft in 2012, and the value has fluctuated over the years, with a notable increase of 49% from 2017 to 2023.

What is the land classification for Tondiarpet High Road 1st Street?

Tondiarpet High Road 1st Street is classified as Residential Special Type - I, indicating its designation for residential use within the area.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office covers Tondiarpet High Road 1st Street and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in this area?

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 33,00,000, the stamp duty would amount to Rs 2,31,000.