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Guideline Value

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Guideline Value for Assisi Nagar 9th St ( Ward No.6 )

₹1600/sq.ft.

The guideline value for Assisi Nagar 9th 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 N/A
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 9th St ( Ward No.6 )

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Assisi Nagar 9th St ( Ward No.6 ) guideline value

The current guideline value for Assisi Nagar 9th 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 9th St ( Ward No.6 ) has changed

The guideline value for Assisi Nagar 9th St has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the guideline value to Rs 1,600 per sq.ft, marking a 7% increase from the previous year and a significant 59% increase from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting a substantial change in the guideline value over the years.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO carrying a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value across these streets is Rs 1,600 per sq.ft, which aligns with the current value for Assisi Nagar 9th St.

Stamp duty and registration fee for property in Assisi Nagar 9th 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 precise calculations.

Which Sub Registrar Office covers Assisi Nagar 9th St ( Ward No.6 )?

The Sub Registrar Office that covers Assisi Nagar 9th 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Madhavaram. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when acquiring property.

When selling a property, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the transaction is recorded accurately and reflects the official value set by the authorities.

Frequently asked questions

What is the current guideline value for Assisi Nagar 9th St ( Ward No.6 )?

The current guideline value for Assisi Nagar 9th 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 increased from Rs 1,005 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024, representing an overall increase of 59%. The 2023 revision set the value at Rs 1,500 per sq.ft, which then increased by 7% in 2024.

What are the other streets with the same guideline value in Madhavaram?

Other streets in Madhavaram with the same guideline value of Rs 1,600 per sq.ft include Assisi Nagar 8th St, Assisi Nagar Extension, Assisi Nagar 7th St, Assisi Nagar Main Road, Assisi Nagar 6th St, and Assisi Nagar to Kumarappapuram Main Rd.

What is the stamp duty for property in Assisi Nagar 9th St ( Ward No.6 )?

The stamp duty for property in Assisi Nagar 9th St is calculated at 7% of the guideline value. For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000.

Where can I find the Sub Registrar Office for Assisi Nagar 9th St ( Ward No.6 )?

The Sub Registrar Office for Assisi Nagar 9th St ( Ward No.6 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details about your SRO online.