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Guideline Value

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Guideline Value for Bharathiar St. Cross Road ( Ward No.15 )

₹1600/sq.ft.

The guideline value for Bharathiar St. Cross Road ( 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 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 St. Cross Road ( Ward No.15 )

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Bharathiar St. Cross Road ( Ward No.15 ) guideline value

The current guideline value of Bharathiar St. Cross Road ( 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, classified as Residential Class II Type - I.

How the guideline value of Bharathiar St. Cross Road ( Ward No.15 ) has changed

The guideline value for Bharathiar St. Cross Road has undergone 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 latest revision in 2024 saw a further increase to Rs 1,600 per sq.ft, marking a 7% rise from the previous year. Overall, from 2017 to 2024, there has been a significant increase of 59% in the guideline value.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Thus, the only available revisions are from 2017, 2023, and 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values in 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 for Bharathiar St. Cross Road.

Stamp duty and registration fee for property in Bharathiar St. Cross Road ( 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 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 to Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiar St. Cross Road ( Ward No.15 )?

The Sub Registrar Office that covers Bharathiar St. Cross Road ( Ward No.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 in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bharathiar St. Cross Road?

The current guideline value of Bharathiar St. Cross Road ( Ward No.15 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 59%, rising from Rs 1,005 per sq.ft to Rs 1,600 per sq.ft.

What is the stamp duty rate for properties in Bharathiar St. Cross Road?

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

Where is the Madhavaram Sub Registrar Office located?

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

What are the other streets with 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. 3rd st, Bharathiar St Extension, Bharathiar St. 2nd st, Bharathiar St Extn., Bharathiar St. 1st st, and Bharathiar St. Main Rd.