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Guideline Value

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Guideline Value for Assisi Nagar 1st Main Road ( Ward No.6 )

₹1600/sq.ft.

The guideline value for Assisi Nagar 1st Main Road ( 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 1st Main Road ( Ward No.6 )

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Assisi Nagar 1st Main Road ( Ward No.6 ) guideline value

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

How the guideline value of Assisi Nagar 1st Main Road ( Ward No.6 ) has changed

The guideline value for Assisi Nagar 1st Main Road has undergone several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft, which decreased to Rs 1,005 per sq.ft in the 2017 revision. However, the most recent revision in 2024 saw a significant increase to Rs 1,600 per sq.ft, marking a 59% rise from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 33%.

It is important to note that the register does not contain figures for the years 2002, 2003, 2007, and 2023 for this street. Thus, the only available figures are from the revisions in 2012, 2017, and 2024.

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 for these streets is Rs 1,600 per sq.ft, which is equal to the guideline value of Assisi Nagar 1st Main Road.

Stamp duty and registration fee for property in Assisi Nagar 1st Main Road ( 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 is charged at 7%, which totals Rs 1,12,000, while the registration fee is 2%, amounting to Rs 32,000. Therefore, the total cost for stamp duty and registration fee together is 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.

You can also use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Assisi Nagar 1st Main Road ( Ward No.6 )?

The Sub Registrar Office that covers Assisi Nagar 1st Main Road ( Ward No.6 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is an essential factor when buying or selling property in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. When a property is sold, the registration process requires that the transaction value must be equal to or greater than the guideline value.

This ensures that the government receives the appropriate stamp duty and registration fees based on the guideline value. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Assisi Nagar 1st Main Road ( Ward No.6 )?

The current guideline value of Assisi Nagar 1st Main Road ( 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 changed from Rs 1,200 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017. It then increased to Rs 1,600 per sq.ft in 2024, resulting in a 59% rise from the 2017 figure.

What is the land classification for Assisi Nagar 1st Main Road?

Assisi Nagar 1st Main Road is classified as Residential Class II Type - I, which indicates its designation for residential purposes.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Assisi Nagar 1st Main Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000, leading to a stamp duty of Rs 1,12,000.