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Guideline Value

Corporate

Guideline Value for Avvaiyar St ( Ward No.16 )

₹1300/sq.ft.

The guideline value for Avvaiyar St ( Ward No.16 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /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 Avvaiyar St ( Ward No.16 )

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Avvaiyar St ( Ward No.16 ) guideline value

The current guideline value of Avvaiyar St ( Ward No.16 ) is Rs 1,300 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Avvaiyar St ( Ward No.16 ) has changed

The guideline value for Avvaiyar St has seen changes over the years. For the 2023 revision, the guideline value was Rs 1,200 per sq.ft. The most recent 2024 revision increased this value to Rs 1,300 per sq.ft, marking an increase of 8% from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 for this street in the guideline value register. Thus, the only available revisions are from 2023 and 2024.

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 of Avvaiyar St is below this median.

Stamp duty and registration fee for property in Avvaiyar St ( Ward No.16 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avvaiyar St ( Ward No.16 )?

The Sub Registrar Office that covers Avvaiyar St ( Ward No.16 ) 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 is a crucial factor in 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 the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which can influence negotiations and final sale prices. It is essential to consult the latest guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Avvaiyar St ( Ward No.16 )?

The current guideline value of Avvaiyar St ( Ward No.16 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, reflecting an 8% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What are the guideline values of other streets in Madhavaram?

Other streets in Madhavaram have varying guideline values, with rates ranging from Rs 1,300 to Rs 7,500 per sq.ft. For example, A.V.M. Nagar Extension and A.V.M. Nagar both have a guideline value of Rs 1,600 per sq.ft in 2024.

How is stamp duty calculated for properties in Avvaiyar St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000.

Where can I find the Sub Registrar Office for Avvaiyar St?

The Sub Registrar Office for Avvaiyar St ( Ward No.16 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.