Guideline Value for 200 Feet Road (Ward-30)

200 Feet Road (Ward-30) guideline value

The current guideline value of 200 Feet Road (Ward-30) is Rs 3,800 per sq.ft, effective from 1 July 2024. This road is located in Madhavaram village, under the Madhavaram SRO, and is classified as Commercial Special Type - II.

How the guideline value of 200 Feet Road (Ward-30) has changed

Over the years, the guideline value for 200 Feet Road has seen several revisions. The most recent revision in 2024 set the value at Rs 3,800 per sq.ft, which is an increase of 9% from the 2023 figure of Rs 3,500 per sq.ft. Looking further back, the 2012 revision recorded the value at Rs 3,000 per sq.ft. This indicates a total increase of 27% from 2012 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street. The changes between the revisions highlight a significant rise in the guideline value, particularly from 2012 to 2023, where it increased by 17%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median value for these streets is Rs 1,600 per sq.ft, placing the 2024 guideline value of 200 Feet Road above this median.

• 200 Feet Road, Ponniammanmedu (Ward-24): Rs 3,800 per sq.ft (2024)
• West Thanikachalam Nagar, Ponniammanmedu (Ward-24): Rs 2,700 per sq.ft (2024)
• V.V. Nagar, Lakshmipuram (Ward-26): Rs 1,300 per sq.ft (2024)
• V.V. Nagar: Rs 1,300 per sq.ft (2024)
• V.S. Mani Street (Ward-10): Rs 1,300 per sq.ft (2024)
• V.S. Mani Ring Road Housing Sector: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in 200 Feet Road (Ward-30)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, while the registration fee at 2% would be Rs 76,000. Together, these fees would total Rs 3,42,000. It is essential 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 200 Feet Road (Ward-30)?

The Sub Registrar Office that covers 200 Feet Road (Ward-30) is 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 Madhavaram

The guideline value plays a crucial role in property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements during the registration process.

When a property is sold, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for 200 Feet Road (Ward-30)?

The current guideline value for 200 Feet Road (Ward-30) is Rs 3,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 3,000 per sq.ft to Rs 3,800 per sq.ft in 2024, reflecting a total increase of 27% over this period.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% and the registration fee at 2% on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot would incur a total fee of Rs 3,42,000.

Which Sub Registrar Office covers this area?

The Madhavaram Sub Registrar Office covers 200 Feet Road (Ward-30) and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for 200 Feet Road (Ward-30)?

The land classification for 200 Feet Road (Ward-30) is Commercial Special Type - II, indicating its suitability for commercial activities.