Guideline Value

Corporate

Guideline Value for Association Road 1st Street

₹1700/sq.ft.

The guideline value for Association Road 1st Street in Jampuli village (Madhavaram SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Jampuli

Village

Madhavaram

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /sq.ft.
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 Association Road 1st Street

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Association Road 1st Street guideline value

The current guideline value of Association Road 1st Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Jampuli village, under the Madhavaram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Association Road 1st Street has changed

The guideline value for Association Road 1st Street has seen several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 1,600 per sq.ft. This was followed by a decrease to Rs 1,072 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 1,600 per sq.ft. The latest revision in 2024 has raised the value to Rs 1,700 per sq.ft, marking a 6% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Jampuli

In Jampuli village, there are 118 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 3,300 per sq.ft, with a median value of Rs 2,450 per sq.ft. Association Road 1st Street's 2024 figure of Rs 1,700 per sq.ft is below this median.

Stamp duty and registration fee for property in Association Road 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Association Road 1st Street?

The Sub Registrar Office that covers Association Road 1st Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Jampuli. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a property is sold or purchased, the registration office uses the guideline value to calculate the applicable fees, ensuring that the transaction is recorded accurately in accordance with the prevailing rates.

Frequently asked questions

What is the current guideline value of Association Road 1st Street?

The current guideline value of Association Road 1st Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 1,600 per sq.ft in 2012, decreased to Rs 1,072 per sq.ft in 2017, and then increased to Rs 1,600 per sq.ft in 2023. The latest revision in 2024 has set it at Rs 1,700 per sq.ft.

What are the other streets with similar guideline values in Jampuli?

Other streets in Jampuli with a guideline value of Rs 1,700 per sq.ft include Association Cross Street / Road, Association Street / Road, and Associaton Road 2nd Street. Higher values are noted for streets like Arul Nagar Main Road and Annai Velankanni Nagar Extension at Rs 2,200 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 17,00,000, the total fees would amount to Rs 1,53,000.

Where can I find the Sub Registrar Office for Association Road 1st Street?

The Madhavaram Sub Registrar Office, which covers Association Road 1st Street, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details through the provided link.