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Guideline Value

Corporate

Guideline Value for Bharathiar Jambuli St (Ward-18)

₹1600/sq.ft.

The guideline value for Bharathiar Jambuli St (ward-18) 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 Jambuli St (ward-18)

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Bharathiar Jambuli St (Ward-18) guideline value

The current guideline value of Bharathiar Jambuli St (Ward-18) 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 Jambuli St (Ward-18) has changed

The guideline value for Bharathiar Jambuli St has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. The most recent revision in 2024 raised it further to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 59%. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values for 2024 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 value of Bharathiar Jambuli St.

Stamp duty and registration fee for property in Bharathiar Jambuli St (Ward-18)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on calculating fees.

Which Sub Registrar Office covers Bharathiar Jambuli St (Ward-18)?

The Sub Registrar Office that covers Bharathiar Jambuli St (Ward-18) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value plays a crucial role during property registration in Madhavaram. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, buyers should be aware that the fees are calculated based on the higher of the guideline value or the sale price. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Bharathiar Jambuli St (Ward-18)?

The current guideline value of Bharathiar Jambuli St (Ward-18) 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 increased from Rs 1,005 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024, marking an overall increase of 59% across the revisions.

What are the other streets in Madhavaram with the same guideline value?

Several other streets in Madhavaram also have a guideline value of Rs 1,600 per sq.ft, including Bharathiar 3rd St, Bharathiar St. 1st st, Bharathiar St. 2nd st, Bharathiar 1st St, Bharathiar St. 3rd st, and Bharathiar St. Cross Road.

What is the stamp duty rate for properties in Bharathiar Jambuli St?

The stamp duty rate for properties in Bharathiar Jambuli St is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bharathiar Jambuli St?

The Sub Registrar Office for Bharathiar Jambuli St (Ward-18) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.