Guideline Value for C.K.M. Nagar (Edapalayam)

C.K.M. Nagar (Edapalayam) guideline value

The current guideline value of C.K.M. Nagar (Edapalayam) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of C.K.M. Nagar (Edapalayam) has changed

The guideline value for C.K.M. Nagar (Edapalayam) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision. The most recent revision in 2024 has seen a significant increase to Rs 1,300 per sq.ft, marking a 62% rise from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 8%.

It is important to note that there are no figures available for the years 2023, 2007, 2003, and 2002 for this street in the register.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, indicating that C.K.M. Nagar (Edapalayam) is below this median value.

• C.K.M. Nagar 2nd St (Ward No.5): Rs 1,300 per sq.ft (2024)
• C.K.M. Nagar Road (Ward No.5): Rs 1,300 per sq.ft (2024)
• C.K.M. Nagar (Ward-05): Rs 1,300 per sq.ft (2024)
• C.K.M. Nagar: Rs 1,300 per sq.ft (2024)
• City Nest Road (Ward No.16): Rs 1,600 per sq.ft (2024)
• City Nest Home: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in C.K.M. Nagar (Edapalayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total fees Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers C.K.M. Nagar (Edapalayam)?

The Sub Registrar Office that covers C.K.M. Nagar (Edapalayam) 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 the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the agreed sale price, which impacts the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of C.K.M. Nagar (Edapalayam)?

The current guideline value of C.K.M. Nagar (Edapalayam) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,300 per sq.ft in 2024.

What is the land classification of C.K.M. Nagar (Edapalayam)?

C.K.M. Nagar (Edapalayam) is classified as Residential Class III Type - I.

Where can I find the Madhavaram Sub Registrar Office?

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

How is stamp duty calculated for properties in C.K.M. Nagar (Edapalayam)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,17,000.