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Guideline Value

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Guideline Value for C.K.M. Nagar 2nd St ( Ward No.5 )

₹1300/sq.ft.

The guideline value for C.k.m. Nagar 2nd St ( Ward No.5 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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 C.k.m. Nagar 2nd St ( Ward No.5 )

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C.K.M. Nagar 2nd St ( Ward No.5 ) guideline value

The current guideline value of C.K.M. Nagar 2nd St ( Ward No.5 ) 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 with a land classification of Residential Class III Type - I.

How the guideline value of C.K.M. Nagar 2nd St ( Ward No.5 ) has changed

The guideline value for C.K.M. Nagar 2nd St has seen 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, marking a decline of 33%. However, the most recent 2024 revision has increased the guideline value to Rs 1,300 per sq.ft, reflecting a significant rise of 62% from 2017.

Overall, comparing the 2012 and 2024 revisions, 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.

Guideline values in Madhavaram

Madhavaram village has a wide range of guideline values, with 1,946 streets under the Madhavaram SRO carrying a 2024 figure that varies 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, placing C.K.M. Nagar 2nd St's current value below that median.

Stamp duty and registration fee for property in C.K.M. Nagar 2nd St ( Ward No.5 )

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. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers C.K.M. Nagar 2nd St ( Ward No.5 )?

The Sub Registrar Office that covers C.K.M. Nagar 2nd St ( Ward No.5 ) 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 is a crucial factor during the registration process of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must ensure that the sale price is at least equal to the guideline value to comply with registration requirements.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures transparency and standardization in property transactions within the Madhavaram region.

Frequently asked questions

What is the current guideline value of C.K.M. Nagar 2nd St ( Ward No.5 )?

The current guideline value of C.K.M. Nagar 2nd St ( Ward No.5 ) 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 to Rs 1,300 per sq.ft in 2024. There are no figures available for the years 2023, 2007, 2003, and 2002 for this street.

What is the land classification for C.K.M. Nagar 2nd St ( Ward No.5 )?

The land classification for C.K.M. Nagar 2nd St ( Ward No.5 ) is Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the registration office for C.K.M. Nagar 2nd St ( Ward No.5 )?

The registration office for C.K.M. Nagar 2nd St ( Ward No.5 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for property in C.K.M. Nagar 2nd St ( Ward No.5 )?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at 7%, along with a registration fee of Rs 26,000 at 2%.