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Guideline Value

Corporate

Guideline Value for Arul Nagar 1st st ( Ward No.3 )

₹2200/sq.ft.

The guideline value for Arul Nagar 1st St ( Ward No.3 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 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

Madhavaram

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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 Arul Nagar 1st St ( Ward No.3 )

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Arul Nagar 1st st ( Ward No.3 ) guideline value

The current guideline value for Arul Nagar 1st st ( Ward No.3 ) is Rs 2,200 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 I Type - I.

How the guideline value of Arul Nagar 1st st ( Ward No.3 ) has changed

The guideline value for Arul Nagar 1st st has seen several revisions over the years. The 2012 revision set the guideline value at Rs 2,000 per sq.ft, which dropped to Rs 1,340 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the most recent revision in 2024 saw a significant increase to Rs 2,200 per sq.ft, representing a 64% rise from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, there has been a modest increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with the median being Rs 1,600 per sq.ft. The guideline value for Arul Nagar 1st st is above this median, indicating a relatively higher valuation compared to many other streets in the area.

Stamp duty and registration fee for property in Arul Nagar 1st st ( Ward No.3 )

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total cost of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arul Nagar 1st st ( Ward No.3 )?

The Sub Registrar Office that covers Arul Nagar 1st st ( Ward No.3 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

When buying or selling property in Madhavaram, the guideline value plays a crucial role in determining the registration fees and stamp duties. The guideline value is the minimum value set by the government for property transactions and is used to calculate the applicable fees at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it ensures compliance with legal requirements during property transactions. This value helps in assessing the overall cost involved in the registration process.

Frequently asked questions

What is the current guideline value of Arul Nagar 1st st?

The current guideline value of Arul Nagar 1st st ( Ward No.3 ) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What is the land classification for Arul Nagar 1st st?

The land classification for Arul Nagar 1st st ( Ward No.3 ) is Residential Class I Type - I.

What are the registration fees based on the guideline value?

Registration fees are calculated based on the guideline value. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000.

Which office handles registrations for Arul Nagar 1st st?

The Madhavaram Sub Registrar Office handles registrations for Arul Nagar 1st st ( Ward No.3 ), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.