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Guideline Value

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

₹1600/sq.ft.

The guideline value for Assisi Nagar 6th 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 ₹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 6th St ( Ward No.6 )

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

The current guideline value of Assisi Nagar 6th 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 6th St ( Ward No.6 ) has changed

The guideline value for Assisi Nagar 6th St has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then changed to Rs 1,005 per sq.ft in 2017, marking a decrease of 16%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, a rise of 49%. The most recent revision in 2024 brought the guideline value to Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value is Rs 1,600 per sq.ft, which is equal to the guideline value of Assisi Nagar 6th St in 2024.

Stamp duty and registration fee for property in Assisi Nagar 6th 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, while the registration fee at 2% would be Rs 32,000, bringing the total 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.

You can also use our stamp duty and registration fee calculator for more precise calculations.

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

The Sub Registrar Office that covers Assisi Nagar 6th St ( Ward No.6 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Madhavaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two figures. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

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

The current guideline value for Assisi Nagar 6th 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 1,600 per sq.ft in 2024, reflecting an overall increase of 33%. The most significant increase occurred between 2017 and 2023, where it rose from Rs 1,005 to Rs 1,500 per sq.ft.

Which Sub Registrar Office is responsible for Assisi Nagar 6th St ( Ward No.6 )?

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

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 16,00,000, the total fees would amount to Rs 1,44,000.

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

Assisi Nagar 6th St ( Ward No.6 ) is classified as Residential Class II Type - I, indicating its suitability for residential development.