Guideline Value for Binny Nagar Main Rd ( Ward No.4 )

Binny Nagar Main Rd ( Ward No.4 ) guideline value

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

How the guideline value of Binny Nagar Main Rd ( Ward No.4 ) has changed

The register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Binny Nagar Main Rd ( Ward No.4 ). The only revision available is from 2024, which sets the guideline value at Rs 1,300 per sq.ft.

Since there are no figures for previous years, there are no changes to report between the revisions. The current value in 2024 remains the only figure recorded for this street.

Guideline values in Madhavaram

In Madhavaram, there are 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, with a median value of Rs 1,600 per sq.ft. The guideline value for Binny Nagar Main Rd ( Ward No.4 ) is below this median.

• Binny Nagar Cross st ( 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 Main Rd ( Ward No.4 )

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 13,00,000. The stamp duty at 7% amounts to Rs 91,000, and the registration fee at 2% is Rs 26,000, totaling Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Binny Nagar Main Rd ( Ward No.4 )?

The Madhavaram Sub Registrar Office covers Binny Nagar Main Rd ( Ward No.4 ). The address is No.7, Roja Nagar, Madhavaram, Chennai-600060, Chennai registration zone. 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 property transactions in Madhavaram. It determines the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately in the official documents.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Binny Nagar Main Rd ( Ward No.4 )?

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

What are the previous guideline value revisions for Binny Nagar Main Rd ( Ward No.4 )?

The register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for this street. The only available revision is from 2024.

How does the guideline value in Madhavaram compare to other streets?

The guideline values 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. Binny Nagar Main Rd ( Ward No.4 ) is below this median.

What are the stamp duty and registration fees for property in Binny Nagar Main Rd ( Ward No.4 )?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 1,17,000. This includes a stamp duty of Rs 91,000 and a registration fee of Rs 26,000.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles property registrations for Binny Nagar Main Rd ( Ward No.4 ).