Guideline Value

Corporate

Guideline Value for Assisi Nagar Extension

₹1600/sq.ft.

The guideline value for Assisi Nagar Extension 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 Extension

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Assisi Nagar Extension guideline value

The current guideline value of Assisi Nagar Extension, located in Madhavaram village under the Madhavaram SRO, is Rs 1,600 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Assisi Nagar Extension has changed

In the 2017 revision, the guideline value was set at Rs 1,005 per sq.ft. This figure saw a significant increase to Rs 1,500 per sq.ft in the 2023 revision, marking a change of 49%. The most recent 2024 revision has further raised the guideline value to Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 59%. This consistent rise in the guideline value indicates a notable change in the valuation of properties in Assisi Nagar Extension over the years.

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, with a median value of Rs 1,600 per sq.ft. The guideline value for Assisi Nagar Extension is equal to this median.

Stamp duty and registration fee for property in Assisi Nagar Extension

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, leading to a total of Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Assisi Nagar Extension?

The Sub Registrar Office that covers Assisi Nagar Extension is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Madhavaram. It is utilized to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is assessed to ensure that the transaction reflects the true value of the property. This helps in maintaining transparency in property dealings and ensures that the appropriate fees are collected based on the established guidelines.

Frequently asked questions

What is the current guideline value of Assisi Nagar Extension?

The current guideline value of Assisi Nagar Extension is Rs 1,600 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 59% over this period.

What are the guideline values for other streets in Madhavaram?

Other streets in Madhavaram also have a guideline value of Rs 1,600 per sq.ft in 2024, including Assisi Nagar 9th St, Assisi Nagar Main Road, and others.

What is the registration fee for property in Assisi Nagar Extension?

The registration fee for property transactions is calculated based on the guideline value. For a property valued at Rs 16,00,000, the registration fee at 2% would be Rs 32,000.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Assisi Nagar Extension is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information by visiting the provided link.