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Guideline Value

Corporate

Guideline Value for Bhagavathi 1st Cross Street (Lakshmiamman Nagar)

₹1900/sq.ft.

The guideline value for Bhagavathi 1st Cross Street (lakshmiamman Nagar) in Erukancherry village (Madhavaram SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Erukancherry

Village

Madhavaram

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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 Bhagavathi 1st Cross Street (lakshmiamman Nagar)

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Bhagavathi 1st Cross Street (Lakshmiamman Nagar) guideline value

The current guideline value for Bhagavathi 1st Cross Street (Lakshmiamman Nagar) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village under the Madhavaram SRO, classified as Residential Class V Type - I.

How the guideline value of Bhagavathi 1st Cross Street (Lakshmiamman Nagar) has changed

The guideline value for Bhagavathi 1st Cross Street (Lakshmiamman Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was a decrease of 33% from Rs 1,206 per sq.ft in 2017. In 2023, the value increased to Rs 1,800 per sq.ft, and in the 2024 revision, it rose again to Rs 1,900 per sq.ft, marking a 6% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Erukancherry

In Erukancherry village, there are 376 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median value is Rs 2,500 per sq.ft, placing Bhagavathi 1st Cross Street (Lakshmiamman Nagar) below this median.

Stamp duty and registration fee for property in Bhagavathi 1st Cross Street (Lakshmiamman Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. 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 Bhagavathi 1st Cross Street (Lakshmiamman Nagar)?

The Madhavaram Sub Registrar Office covers Bhagavathi 1st Cross Street (Lakshmiamman Nagar). The office is 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 Erukancherry

The guideline value is a crucial factor during property transactions in Erukancherry. It is used to determine the stamp duty and registration fees applicable when buying or selling property, ensuring that the correct amounts are collected by the authorities.

When registering a property, buyers must consider the guideline value as it influences the overall cost of the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Bhagavathi 1st Cross Street (Lakshmiamman Nagar)?

The current guideline value for Bhagavathi 1st Cross Street (Lakshmiamman Nagar) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 6% over this period. The most significant change was from 2017 to 2023, where it increased by 49%.

What is the land classification for Bhagavathi 1st Cross Street (Lakshmiamman Nagar)?

Bhagavathi 1st Cross Street (Lakshmiamman Nagar) is classified as Residential Class V Type - I. This classification is important for understanding the intended use of the land.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Erukancherry?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 at a rate of 7%.