Guideline Value

Corporate

Guideline Value for Vasuki Nagar 2nd Main Road

₹2700/sq.ft.

The guideline value for Vasuki Nagar 2nd Main Road 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 Vasuki Nagar 2nd Main Road

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Vasuki Nagar 2nd Main Road guideline value

The current guideline value of Vasuki Nagar 2nd Main Road is Rs 2,700 per sq.ft as per the 2024 revision, 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 Vasuki Nagar 2nd Main Road has changed

The guideline value for Vasuki Nagar 2nd Main Road has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was set at Rs 2,500 per sq.ft. The most recent revision in 2024 saw an increase of 8%, bringing the value to Rs 2,700 per sq.ft.

There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 for this street. Thus, the only revisions that reflect a guideline value are from 2012 and 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a guideline value for 2024, ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is equal to the current value of Vasuki Nagar 2nd Main Road.

Stamp duty and registration fee for property in Vasuki Nagar 2nd Main Road

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. Together, the total cost for stamp duty and registration fee would be Rs 2,43,000. Please note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vasuki Nagar 2nd Main Road?

The Vasuki Nagar 2nd Main Road falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, in the Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kodungaiyur

The guideline value plays a crucial role in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Vasuki Nagar 2nd Main Road?

The current guideline value of Vasuki Nagar 2nd 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 changed from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, reflecting an increase of 8%. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Vasuki Nagar 2nd Main Road?

Vasuki Nagar 2nd Main Road is classified as Residential Class I Type - I. This classification is relevant for determining the guideline value and other regulatory aspects.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Vasuki Nagar 2nd Main Road is 7%. This rate is applied to the higher of the guideline value or the sale price during the registration process.

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

The Madhavaram Sub Registrar Office covers Vasuki Nagar 2nd Main Road and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information by visiting the relevant links provided.