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Guideline Value

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Guideline Value for Bharathi Nagar,Ponniammanmedu (Ward-24)

₹1600/sq.ft.

The guideline value for Bharathi Nagar,ponniammanmedu (ward-24) 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 Bharathi Nagar,ponniammanmedu (ward-24)

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Bharathi Nagar,Ponniammanmedu (Ward-24) guideline value

The current guideline value for Bharathi Nagar,Ponniammanmedu (Ward-24) is Rs 1,600 per sq.ft, effective from 1 July 2024. This area falls under Madhavaram village and is registered with the Madhavaram SRO. The land classification is Residential Class II Type - I.

How the guideline value of Bharathi Nagar,Ponniammanmedu (Ward-24) has changed

The guideline value for Bharathi Nagar,Ponniammanmedu (Ward-24) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, an increase of 7% from the 2023 revision, which was Rs 1,500 per sq.ft. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the last recorded values were not available for this street. The consistent increase in the guideline value reflects the adjustments made in the recent years, culminating in the current rate effective from July 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value is Rs 1,600 per sq.ft, which is equal to the current guideline value of Bharathi Nagar,Ponniammanmedu (Ward-24).

Stamp duty and registration fee for property in Bharathi Nagar,Ponniammanmedu (Ward-24)

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 fees to Rs 1,44,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Nagar,Ponniammanmedu (Ward-24)?

The Sub Registrar Office that covers Bharathi Nagar,Ponniammanmedu (Ward-24) 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 within Madhavaram. It serves as a benchmark for determining the minimum value of a property, which is used for calculating stamp duty and registration fees during the sale process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value set by the registration department. This helps in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value for Bharathi Nagar,Ponniammanmedu (Ward-24)?

The current guideline value for Bharathi Nagar,Ponniammanmedu (Ward-24) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, marking a 7% rise.

What is the land classification for Bharathi Nagar,Ponniammanmedu (Ward-24)?

The land classification for Bharathi Nagar,Ponniammanmedu (Ward-24) is Residential Class II Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated in Bharathi Nagar,Ponniammanmedu (Ward-24)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.