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Guideline Value

Corporate

Guideline Value for Assisi Nagar Main Road (Ward-06)

₹1600/sq.ft.

The guideline value for Assisi Nagar Main Road (ward-06) 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 N/A
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 Main Road (ward-06)

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Assisi Nagar Main Road (Ward-06) guideline value

The current guideline value of Assisi Nagar Main Road (Ward-06) is Rs 1,600 per sq.ft, effective from 1 July 2024. This road is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Assisi Nagar Main Road (Ward-06) has changed

There are no figures in the register for Assisi Nagar Main Road for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,500 per sq.ft in the 2023 revision, and it has increased by 7% to Rs 1,600 per sq.ft in the 2024 revision.

This increase reflects the current valuation trends in the area, aligning with the median guideline value for streets in Madhavaram, which is also Rs 1,600 per sq.ft for 2024.

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. Assisi Nagar Main Road's 2024 figure matches the median value of Rs 1,600 per sq.ft.

Stamp duty and registration fee for property in Assisi Nagar Main Road (Ward-06)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, while the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Assisi Nagar Main Road (Ward-06)?

The Sub Registrar Office that covers Assisi Nagar Main Road (Ward-06) 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 plays a crucial role in the registration process of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value is compared to the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Assisi Nagar Main Road (Ward-06)?

The current guideline value of Assisi Nagar Main Road (Ward-06) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Assisi Nagar Main Road has seen an increase from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, reflecting a 7% increase.

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 for 2024 include Assisi Nagar Extension, Assisi Nagar to Kumarappapuram Main Rd, Assisi Nagar 9th St, Assisi Nagar West Thottam, Assisi Nagar 8th St, and Assisi Nagar 7th St.

What is the registration fee and stamp duty for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a property valued at Rs 16,00,000 would incur a total of Rs 1,44,000 in fees.

Where can I find the Sub Registrar Office for Assisi Nagar Main Road?

The Madhavaram Sub Registrar Office covers Assisi Nagar Main Road (Ward-06) and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.