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Guideline Value for Assisi Nagar to Kumarappapuram Main Rd ( Ward No.6 )

₹1600/sq.ft.

The guideline value for Assisi Nagar To Kumarappapuram Main Rd ( 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 To Kumarappapuram Main Rd ( Ward No.6 )

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Assisi Nagar to Kumarappapuram Main Rd ( Ward No.6 ) guideline value

The current guideline value for Assisi Nagar to Kumarappapuram Main Rd (Ward No.6) is Rs 1,600 per sq.ft, effective from 1 July 2024. This property 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 to Kumarappapuram Main Rd ( Ward No.6 ) has changed

The guideline value for this street has seen several revisions over the years. The 2017 revision set the guideline value at Rs 1,005 per sq.ft. In the following revision in 2023, it increased to Rs 1,500 per sq.ft, marking a significant rise of 49%. The latest revision in 2024 further increased the value to Rs 1,600 per sq.ft, which is a 7% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 59%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street, indicating that the guideline value was not registered during these revisions.

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 value for these streets is Rs 1,600 per sq.ft, which is the same as the guideline value for Assisi Nagar to Kumarappapuram Main Rd.

Stamp duty and registration fee for property in Assisi Nagar to Kumarappapuram Main Rd ( 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, resulting in a total of 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 information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Assisi Nagar to Kumarappapuram Main Rd ( Ward No.6 )?

The Sub Registrar Office that covers Assisi Nagar to Kumarappapuram Main Rd (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 details.

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 determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the stamp duty and registration charges are based on the higher of the guideline value or the sale price of the property.

Frequently asked questions

What is the current guideline value for Assisi Nagar to Kumarappapuram Main Rd (Ward No.6)?

The current guideline value for Assisi Nagar to Kumarappapuram Main Rd (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 1,005 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024, which is an overall increase of 59% over the years.

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

Other streets in Madhavaram with the same guideline value of Rs 1,600 per sq.ft include Assisi Nagar Main Road, Assisi Nagar West Thottam, Assisi Nagar Extension, Assisi Nagar 9th St, Assisi Nagar 8th St, and Assisi Nagar 7th St.

Where is the Madhavaram Sub Registrar Office located?

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 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 Rs 1,12,000 at a rate of 7%.