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Guideline Value

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Guideline Value for Assisi Nagar 11th St ( Ward No.6 )

₹1600/sq.ft.

The guideline value for Assisi Nagar 11th St ( Ward No.6 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1005 /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 Assisi Nagar 11th St ( Ward No.6 )

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Assisi Nagar 11th St ( Ward No.6 ) guideline value

The current guideline value of Assisi Nagar 11th St ( Ward No.6 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Assisi Nagar 11th St ( Ward No.6 ) has changed

The guideline value for Assisi Nagar 11th St has undergone several revisions. In 2012, the value was set at Rs 1,200 per sq.ft, which decreased to Rs 1,005 per sq.ft in the 2017 revision. However, from 2017 to 2024, the value saw a significant increase of 59%, bringing it to Rs 1,600 per sq.ft.

Overall, comparing the 2012 and 2024 revisions, there has been a 33% increase in the guideline value. It is important to note that the register does not provide 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 value being Rs 1,600 per sq.ft. The guideline value for Assisi Nagar 11th St aligns with this median.

Stamp duty and registration fee for property in Assisi Nagar 11th St ( Ward No.6 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total cost for these fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Assisi Nagar 11th St ( Ward No.6 )?

The Sub Registrar Office that covers Assisi Nagar 11th St ( Ward No.6 ) 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 during property registration in Madhavaram. It serves as a benchmark for determining the minimum value for which a property can be sold or purchased, ensuring transparency in property transactions.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, which helps to standardize property transactions in the area.

Frequently asked questions

What is the current guideline value of Assisi Nagar 11th St ( Ward No.6 )?

The current guideline value of Assisi Nagar 11th St ( Ward No.6 ) is Rs 1,600 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 1,005 per sq.ft in 2017, and then increased to Rs 1,600 per sq.ft in 2024. This represents a 33% increase overall from 2012 to 2024.

Which Sub Registrar Office handles registrations for Assisi Nagar 11th St ( Ward No.6 )?

The Madhavaram Sub Registrar Office handles registrations for Assisi Nagar 11th St ( Ward No.6 ). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the stamp duty and registration fees for properties in Assisi Nagar 11th St ( Ward No.6 )?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are calculated based on the higher of the guideline value or the sale price.

How does the guideline value affect property transactions?

The guideline value is used as a standard measure for property transactions in Madhavaram. It helps determine the minimum sale price for properties and is essential for calculating the associated stamp duty and registration fees during the registration process.