Guideline Value for Bhagavat Singh St (Ward-10)

Bhagavat Singh St (Ward-10) guideline value

The current guideline value of Bhagavat Singh St (Ward-10) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bhagavat Singh St (Ward-10) has changed

Over the years, the guideline value of Bhagavat Singh St has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision has further increased it to Rs 2,200 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Madhavaram

In Madhavaram village, there are 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing Bhagavat Singh St's 2024 figure above this median.

• Bhakthavatchalam Nagar (Ward-01): Rs 2,200 per sq.ft (2024)
• Bharani Nagar (Ward-23): Rs 1,300 per sq.ft (2024)
• Bharathiar 1st St (Ward-15): Rs 1,600 per sq.ft (2024)
• Bharathiar 3rd St (Ward-15): Rs 1,600 per sq.ft (2024)
• Bharathiar Jambuli St (Ward-18): Rs 1,600 per sq.ft (2024)
• Bharathiar St. 1st st (Ward No.15): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Bhagavat Singh St (Ward-10)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Bhagavat Singh St (Ward-10)?

The Sub Registrar Office that covers Bhagavat Singh St (Ward-10) 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 when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the legal value of the property. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bhagavat Singh St (Ward-10)?

The current guideline value of Bhagavat Singh St (Ward-10) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Bhagavat Singh St (Ward-10)?

Bhagavat Singh St (Ward-10) is classified as Residential Class I Type - I.

What is the range of guideline values in Madhavaram village?

The guideline values in Madhavaram village range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft.

Where can I find the Sub Registrar Office for Bhagavat Singh St (Ward-10)?

The Sub Registrar Office for Bhagavat Singh St (Ward-10) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.