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Guideline Value

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Guideline Value for Assisi Nagar 4th St ( Ward No.6 )

₹1600/sq.ft.

The guideline value for Assisi Nagar 4th St ( Ward No.6 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. 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 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 4th St ( Ward No.6 )

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Assisi Nagar 4th St ( Ward No.6 ) guideline value

The current guideline value of Assisi Nagar 4th 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, and is classified as Residential Class II Type - I.

How the guideline value of Assisi Nagar 4th St ( Ward No.6 ) has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This value saw a significant increase of 25% by the 2023 revision, bringing it to Rs 1,500 per sq.ft. The most recent revision in 2024 raised the guideline value further to Rs 1,600 per sq.ft, marking a 7% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 33%. The current value of Rs 1,600 per sq.ft aligns with the median guideline value for the 1,946 streets in Madhavaram under the Madhavaram SRO, which ranges from Rs 1,300 to Rs 7,500 per sq.ft.

Guideline values in Madhavaram

The guideline values in Madhavaram indicate a diverse range of prices across different streets. The current guideline value for Assisi Nagar 4th St ( Ward No.6 ) is equal to the median value of Rs 1,600 per sq.ft. Below are the guideline values for other streets in Madhavaram:

Stamp duty and registration fee for property in Assisi Nagar 4th 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 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Assisi Nagar 4th St ( Ward No.6 )?

The Sub Registrar Office that covers Assisi Nagar 4th 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 the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recognized and documented.

When a property is sold, the buyer and seller must refer to the guideline value to calculate the appropriate fees. This ensures transparency in the transaction and helps to maintain a standardized approach to property valuations in the region.

Frequently asked questions

What is the current guideline value of Assisi Nagar 4th St ( Ward No.6 )?

The current guideline value of Assisi Nagar 4th St ( Ward No.6 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, representing a total increase of 33% over this period.

What is the land classification for Assisi Nagar 4th St ( Ward No.6 )?

Assisi Nagar 4th St ( Ward No.6 ) is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Assisi Nagar 4th St ( Ward No.6 )?

The Sub Registrar Office for Assisi Nagar 4th St ( Ward No.6 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty would be calculated accordingly.