Residential Class I Type - I

About Residential Class I Type - I Classification

This page displays guideline values for 50 survey numbers classified as "Residential Class I Type - I" in Narasingam Ii Bit village under Madurai North Joint I Sub-Registrar Office, Madurai district. These values are published by the Tamil Nadu Registration Department through TNReginet and are effective from July 2024.

Understanding Land Classifications in Tamil Nadu

Land in Tamil Nadu is classified based on its usage and characteristics. The "Residential Class I Type - I" classification determines the base guideline value for stamp duty calculation. Common classifications include:

• Wet Land (Nanjai): Irrigated agricultural land with assured water source
• Dry Land (Punjai): Rain-fed agricultural land without irrigation
• Garden Land: Land used for orchards and plantation crops
• Commercial: Land designated for business and commercial activities
• Residential: Land for housing and dwelling purposes
• Industrial: Land for manufacturing and industrial use

How to Use This Guideline Value

1. Find your survey number in the table above
2. Note the "Per Sq.Ft" value for easy calculation
3. Multiply by your land area to get the minimum registration value
4. Stamp duty (7%) and registration fee (2%) are calculated on guideline value or actual price, whichever is higher

Frequently Asked Questions

Q: What if my survey number is not listed?
A: Contact Madurai North Joint I Sub-Registrar Office directly. Some subdivision numbers may inherit the parent survey's value.

Q: Can I register property below guideline value?
A: No. The Tamil Nadu Registration Department requires stamp duty to be calculated on the guideline value or actual transaction value, whichever is higher.

Q: How often are guideline values updated?
A: Tamil Nadu updates guideline values periodically based on market conditions. Current values shown are effective from July 2024.

Q: What is the difference between Original Value and Per Sq.Ft?
A: Original Value is as published by the government (often per Acre or Hectare for agricultural land). Per Sq.Ft is the converted value for easier comparison.

Disclaimer

The guideline values shown are sourced from TNReginet for informational purposes only. For official property registrations, always verify the current applicable value with Madurai North Joint I Sub Registrar Office, Madurai district.