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Guideline Value

Corporate

Guideline Value for Brindavan Garden,Ponniammanmedu (Ward-23)

₹1600/sq.ft.

The guideline value for Brindavan Garden,ponniammanmedu (ward-23) 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 N/A
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 Brindavan Garden,ponniammanmedu (ward-23)

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Brindavan Garden,Ponniammanmedu (Ward-23) guideline value

The current guideline value of Brindavan Garden, Ponniammanmedu (Ward-23) is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Brindavan Garden,Ponniammanmedu (Ward-23) has changed

Over the years, the guideline value for Brindavan Garden has seen several revisions. In the 2012 revision, the value was Rs 1,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,500 per sq.ft. However, in the latest 2024 revision, the guideline value increased to Rs 1,600 per sq.ft, reflecting a 7% rise from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions that have impacted the current guideline value are from 2012, 2023, and 2024, resulting in an overall increase of 7% from 2012 to 2024.

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. The median guideline value for these streets is Rs 1,600 per sq.ft, which is equal to the current value for Brindavan Garden.

Stamp duty and registration fee for property in Brindavan Garden,Ponniammanmedu (Ward-23)

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 essential 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 based on your property transaction.

Which Sub Registrar Office covers Brindavan Garden,Ponniammanmedu (Ward-23)?

The Sub Registrar Office covering Brindavan Garden, Ponniammanmedu (Ward-23) 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 in property transactions in Madhavaram. It serves as the minimum value for which a property can be registered, ensuring that the transaction is documented accurately. Buyers and sellers must consider this value when negotiating sale prices to comply with legal requirements.

During the registration process, the guideline value is used to calculate applicable fees, including stamp duty and registration charges. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Brindavan Garden?

The current guideline value of Brindavan Garden, Ponniammanmedu (Ward-23) 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, reflecting a 7% increase. There were no changes recorded for the years 2003, 2007, and 2017 for this street.

What is the median guideline value for streets in Madhavaram?

The median guideline value for streets in Madhavaram is Rs 1,600 per sq.ft. This value is the same as that of Brindavan Garden for the year 2024.

What are the stamp duty and registration fees for a property in Brindavan Garden?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are based on the guideline value.

Which office should I visit for property registration in Brindavan Garden?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, covers property registration for Brindavan Garden, Ponniammanmedu (Ward-23).