Guideline Value for C.K.M. Nagar (Ward-05)

C.K.M. Nagar (Ward-05) guideline value

The current guideline value of C.K.M. Nagar (Ward-05) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village under the Madhavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of C.K.M. Nagar (Ward-05) has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, the guideline value saw a significant increase to Rs 1,300 per sq.ft in the 2024 revision, which is a rise of 62% from the 2017 figure. The register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 8%. This indicates a fluctuating trend over the years, with notable changes occurring between the revisions.

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 C.K.M. Nagar (Ward-05) is below this median.

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

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 to Rs 1,17,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers C.K.M. Nagar (Ward-05)?

The Sub Registrar Office covering C.K.M. Nagar (Ward-05) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value is a crucial factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees based on the property’s size and value. This ensures that all transactions are conducted in accordance with the current regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of C.K.M. Nagar (Ward-05)?

The current guideline value of C.K.M. Nagar (Ward-05) 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. There are no figures available for the years 2002, 2003, 2007, and 2023.

What is the land classification for C.K.M. Nagar (Ward-05)?

C.K.M. Nagar (Ward-05) is classified as Residential Class III Type - I. This classification influences the guideline value set for the area.

What is the registration office for C.K.M. Nagar (Ward-05)?

The registration office for C.K.M. Nagar (Ward-05) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in C.K.M. Nagar (Ward-05)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 13,00,000 would incur a stamp duty of Rs 91,000 at a rate of 7%.