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Guideline Value

Corporate

Guideline Value for Adhi Sesha Nagar (Ponniamman Medu)

₹1300/sq.ft.

The guideline value for Adhi Sesha Nagar (ponniamman Medu) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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 Adhi Sesha Nagar (ponniamman Medu)

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Adhi Sesha Nagar (Ponniamman Medu) guideline value

The current guideline value of Adhi Sesha Nagar (Ponniamman Medu) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Adhi Sesha Nagar (Ponniamman Medu) has changed

Over the years, the guideline value for Adhi Sesha Nagar has seen several revisions. In 2012, the guideline value was Rs 1,200 per sq.ft, which then dropped to Rs 804 per sq.ft in 2017, marking a decrease of 33%. The value increased to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft after the 2024 revision, reflecting an increase of 8% from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, indicating that the 2024 figure for Adhi Sesha Nagar is below this median.

Stamp duty and registration fee for property in Adhi Sesha Nagar (Ponniamman Medu)

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Adhi Sesha Nagar (Ponniamman Medu)?

The Sub Registrar Office covering Adhi Sesha Nagar (Ponniamman Medu) 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 is a crucial factor in property transactions in Madhavaram. It serves as a reference point for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government collects appropriate fees based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Adhi Sesha Nagar?

The current guideline value of Adhi Sesha Nagar (Ponniamman Medu) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 8%.

What is the stamp duty rate in Adhi Sesha Nagar?

The stamp duty rate in Adhi Sesha Nagar is 7%, which is applied to the higher of the guideline value or the sale price during property registration.

Where can I find the Sub Registrar Office for Adhi Sesha Nagar?

The Sub Registrar Office for Adhi Sesha Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the guideline values of other streets in Madhavaram?

Other streets in Madhavaram have varying guideline values. For instance, Adhivasi Colony, Adhi Nagar, and Adhilakshmi Nagar are all valued at Rs 1,300 per sq.ft in 2024, while A.D.V. Nagar is valued at Rs 1,600 per sq.ft, and Adinath Nagar is at Rs 2,200 per sq.ft.