Guideline Value for Binny Nagar Cross st ( Ward No.4 )

Binny Nagar Cross st ( Ward No.4 ) guideline value

The current guideline value for Binny Nagar Cross st ( Ward No.4 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Binny Nagar Cross st ( Ward No.4 ) has changed

The guideline value register for Binny Nagar Cross st ( Ward No.4 ) shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 1,300 per sq.ft.

As there are no figures available for the previous revisions, we can only confirm the current rate from the 2024 revision. There have been no changes in the guideline value between the revisions listed.

Guideline values in Madhavaram

The guideline values for streets in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Binny Nagar Cross st ( Ward No.4 ) is below this median.

• Binny Nagar Main Rd ( Ward No.4 ): Rs 1,300 per sq.ft (2024)
• Binny Colony: Rs 1,300 per sq.ft (2024)
• Big Street (Periya Salai): Rs 2,200 per sq.ft (2024)
• Bishop Esra Nagar: Rs 1,300 per sq.ft (2024)
• Bhavani Nagar (Ward-01): Rs 1,300 per sq.ft (2024)
• Bhavani Nagar, Lakshmipuram (Ward-26): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Binny Nagar Cross st ( Ward No.4 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. 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 detailed calculations.

Which Sub Registrar Office covers Binny Nagar Cross st ( Ward No.4 )?

The Sub Registrar Office covering Binny Nagar Cross st ( Ward No.4 ) 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 plays a crucial role in property transactions in Madhavaram. It is used as a basis for calculating the stamp duty and registration fees when a property is bought or sold.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives a fair amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value for Binny Nagar Cross st ( Ward No.4 )?

The current guideline value for Binny Nagar Cross st ( Ward No.4 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register for this street has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 1,300 per sq.ft.

What is the land classification for Binny Nagar Cross st ( Ward No.4 )?

The land classification for Binny Nagar Cross st ( Ward No.4 ) is Residential Class III Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. This is calculated based on the guideline value.

Where is the Sub Registrar Office for Binny Nagar Cross st ( Ward No.4 ) located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in this area.