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Guideline Value

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Guideline Value for Assisi Nagar 2nd Main Road ( Ward No.6 )

₹1600/sq.ft.

The guideline value for Assisi Nagar 2nd Main Road ( 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 2nd Main Road ( Ward No.6 )

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Assisi Nagar 2nd Main Road ( Ward No.6 ) guideline value

The current guideline value of Assisi Nagar 2nd Main Road ( Ward No.6 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This area 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 2nd Main Road ( Ward No.6 ) has changed

Since the 2017 revision, the guideline value has seen significant changes. The 2017 revision recorded a value of Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% increase. The latest 2024 revision further raised the value to Rs 1,600 per sq.ft, reflecting 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 recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The revisions have shown a clear upward trend in the guideline value, aligning with the broader changes seen in the area.

Guideline values in Madhavaram

The guideline values in Madhavaram indicate a range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Assisi Nagar 2nd Main Road ( Ward No.6 ) aligns perfectly with this median.

Stamp duty and registration fee for property in Assisi Nagar 2nd Main Road ( Ward No.6 )

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the 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 and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Assisi Nagar 2nd Main Road ( Ward No.6 )?

The Sub Registrar Office that covers Assisi Nagar 2nd Main Road ( 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 plays a crucial role in the registration process of property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that must be paid when a property is sold or purchased.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the registration reflects the true value of the property as recognized by the authorities.

Frequently asked questions

What is the current guideline value of Assisi Nagar 2nd Main Road ( Ward No.6 )?

The current guideline value of Assisi Nagar 2nd 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?

Since 2017, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,600 per sq.ft in 2024, representing a total increase of 59% over this period.

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

Other streets in Madhavaram with a guideline value of Rs 1,600 per sq.ft include Assisi Nagar 1st St, Assisi Nagar 2nd St, Assisi Nagar 1st Main Road, Assisi Nagar 3rd St, Assisi Nagar 1st Cross St, and Assisi Nagar 4th St.

What is the registration fee for a property on Assisi Nagar 2nd Main Road ( Ward No.6 )?

The registration fee for a property 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 registration fee would be Rs 32,000 at 2%.

Where can I find the Sub Registrar Office for Assisi Nagar 2nd Main Road ( Ward No.6 )?

The Sub Registrar Office for Assisi Nagar 2nd Main Road ( Ward No.6 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.