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Guideline Value

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Guideline Value for Bharathiar St. 3rd st ( Ward No.15 )

₹1600/sq.ft.

The guideline value for Bharathiar St. 3rd St ( Ward No.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 ₹1500 /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 Bharathiar St. 3rd St ( Ward No.15 )

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Bharathiar St. 3rd st ( Ward No.15 ) guideline value

The current guideline value for Bharathiar St. 3rd st ( Ward No.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 St. 3rd st ( Ward No.15 ) has changed

The guideline value for Bharathiar St. 3rd st has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the Rs 1,005 per sq.ft recorded in the 2017 revision. The value then increased to Rs 1,500 per sq.ft in 2023, followed by a rise to Rs 1,600 per sq.ft in the 2024 revision, marking a 7% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 7%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Madhavaram

In Madhavaram village, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, which is the same as the current guideline value for Bharathiar St. 3rd st.

Stamp duty and registration fee for property in Bharathiar St. 3rd st ( Ward No.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, 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 precise calculations.

Which Sub Registrar Office covers Bharathiar St. 3rd st ( Ward No.15 )?

The Sub Registrar Office that covers Bharathiar St. 3rd st ( Ward No.15 ) 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 is an essential factor in the registration process when buying or selling property in Madhavaram. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

When a property is sold, the guideline value serves as a reference point for the transaction. It helps in assessing the value of the property, which is crucial for legal and financial documentation during the registration process.

Frequently asked questions

What is the current guideline value for Bharathiar St. 3rd st ( Ward No.15 )?

The current guideline value for Bharathiar St. 3rd st ( Ward No.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 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, with several revisions in between. Notably, there was a 49% increase from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023.

What is the registration office for Bharathiar St. 3rd st ( Ward No.15 )?

The registration office for Bharathiar St. 3rd st ( Ward No.15 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Bharathiar St. 3rd st ( Ward No.15 )?

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

What other streets have the same guideline value in Madhavaram?

Other streets in Madhavaram with the same guideline value of Rs 1,600 per sq.ft include Bharathiar St. 2nd st, Bharathiar St. Cross Road, Bharathiar St. 1st st, Bharathiar St Extension, Bharathiar St Extn., and Bharathiar St. Main Rd.