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Guideline Value

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Guideline Value for Arul Nagar 2nd st ( Ward No.3 )

₹2200/sq.ft.

The guideline value for Arul Nagar 2nd 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 2nd St ( Ward No.3 )

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Arul Nagar 2nd st ( Ward No.3 ) guideline value

The current guideline value of Arul Nagar 2nd st ( Ward No.3 ) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arul Nagar 2nd st ( Ward No.3 ) has changed

The guideline value for Arul Nagar 2nd st has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft. However, in the 2017 revision, it decreased to Rs 1,340 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 has increased the guideline value to Rs 2,200 per sq.ft, marking a rise of 64% from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 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. The median guideline value is Rs 1,600 per sq.ft, placing Arul Nagar 2nd st's 2024 figure above this median.

Stamp duty and registration fee for property in Arul Nagar 2nd 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, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Arul Nagar 2nd st ( Ward No.3 )?

The Sub Registrar Office that covers Arul Nagar 2nd 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

The guideline value is a crucial factor in property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded accurately in the official records.

Additionally, the guideline value is used to calculate the stamp duty and registration fees applicable to the property. Buyers must be aware of this value as it directly impacts the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Arul Nagar 2nd st?

The current guideline value of Arul Nagar 2nd 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?

Since the 2012 revision, the guideline value has changed from Rs 2,000 per sq.ft to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 10%. The 2017 revision saw a decrease to Rs 1,340 per sq.ft, but the latest revision shows a significant increase of 64% from that figure.

Which office handles registrations for Arul Nagar 2nd st?

The Madhavaram Sub Registrar Office handles registrations for Arul Nagar 2nd st ( Ward No.3 ). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is 7%. This rate is applied to the higher of the guideline value or the sale price of the property.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator available on the website.