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Guideline Value

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Guideline Value for Ambedkhar 2nd St 6th Sub Division (Ward 13)

₹1300/sq.ft.

The guideline value for Ambedkhar 2nd St 6th Sub Division (ward 13) 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 Ambedkhar 2nd St 6th Sub Division (ward 13)

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Ambedkhar 2nd St 6th Sub Division (Ward 13) guideline value

The current guideline value of Ambedkhar 2nd St 6th Sub Division (Ward 13) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ambedkhar 2nd St 6th Sub Division (Ward 13) has changed

The guideline value for Ambedkhar 2nd St 6th Sub Division has seen several revisions over the years. The earliest recorded revision in 2012 was Rs 1,200 per sq.ft, which remained the same in the 2023 revision. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, marking a significant drop of 33%. The value then increased to Rs 1,200 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 1,300 per sq.ft, reflecting an increase of 8% from the previous year.

Overall, from 2012 to 2024, the guideline value has shown a marginal increase of 8%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

Madhavaram village has a total of 1,946 streets under the Madhavaram SRO, with 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 guideline value for Ambedkhar 2nd St 6th Sub Division is below the median.

Stamp duty and registration fee for property in Ambedkhar 2nd St 6th Sub Division (Ward 13)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total 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. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedkhar 2nd St 6th Sub Division (Ward 13)?

The Sub Registrar Office that covers Ambedkhar 2nd St 6th Sub Division (Ward 13) 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 critical factor when buying or selling property in Madhavaram. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction reflects the official value assigned to the property, which is essential for legal documentation.

Frequently asked questions

What is the current guideline value for Ambedkhar 2nd St 6th Sub Division (Ward 13)?

The current guideline value for Ambedkhar 2nd St 6th Sub Division (Ward 13) 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 back to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Ambedkhar 2nd St 6th Sub Division (Ward 13) is Residential Class III Type - I.

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

The Madhavaram Sub Registrar Office, which covers Ambedkhar 2nd St 6th Sub Division (Ward 13), is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 13,00,000 would incur a stamp duty of Rs 91,000 at 7%.