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Guideline Value

Corporate

Guideline Value for Bharathiar 3rd St (Ward-15)

₹1600/sq.ft.

The guideline value for Bharathiar 3rd St (ward-15) 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 ₹1005 /sq.ft.
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 Bharathiar 3rd St (ward-15)

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Bharathiar 3rd St (Ward-15) guideline value

The current guideline value of Bharathiar 3rd St (Ward-15) is Rs 1,600 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 II Type - I.

How the guideline value of Bharathiar 3rd St (Ward-15) has changed

The guideline value for Bharathiar 3rd St (Ward-15) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, up from Rs 1,500 per sq.ft in 2023, marking a 7% increase. Prior to that, in 2017, the value was Rs 1,005 per sq.ft, resulting in a significant increase of 49% when compared to the 2023 figure. The overall change from 2017 to 2024 is an increase of 59%.

It is important to note that there are no figures available for this street in the register for the years 2002, 2003, 2007, and 2012.

Guideline values in Madhavaram

In Madhavaram, there are a total of 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. The median guideline value for these streets is Rs 1,600 per sq.ft, which is equal to the current guideline value for Bharathiar 3rd St (Ward-15).

Stamp duty and registration fee for property in Bharathiar 3rd St (Ward-15)

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, and the registration fee at 2% would be Rs 32,000. In total, the charges would be Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

To calculate your own stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiar 3rd St (Ward-15)?

The Sub Registrar Office covering Bharathiar 3rd St (Ward-15) 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 during the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees, which are charged based on the higher of the guideline value or the sale price. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Bharathiar 3rd St (Ward-15)?

The current guideline value of Bharathiar 3rd St (Ward-15) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 59% over this period.

What is the land classification for Bharathiar 3rd St (Ward-15)?

Bharathiar 3rd St (Ward-15) is classified as Residential Class II Type - I.

Where is the Madhavaram Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Bharathiar 3rd St (Ward-15)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,12,000 at a rate of 7%.