Guideline Value

Corporate

Guideline Value for Chandra Prabu Colony

₹1600/sq.ft.

The guideline value for Chandra Prabu Colony 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 ₹1005 /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 Chandra Prabu Colony

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Chandra Prabu Colony guideline value

The current guideline value of Chandra Prabu Colony, located in Madhavaram village under the Madhavaram SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Chandra Prabu Colony has changed

The guideline value for Chandra Prabu Colony has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, sets the value at Rs 1,600 per sq.ft, an increase from Rs 1,500 per sq.ft in the 2023 revision. This marks a 7% increase from the previous year. Looking further back, the 2017 revision set the value at Rs 1,005 per sq.ft, which means there has been a significant increase of 49% to reach the current rate. The 2012 revision had the value at Rs 1,200 per sq.ft, showing a decrease of 16% to the 2017 figure.

There are no recorded figures for the years 2002, 2003, and 2007 for Chandra Prabu Colony. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 33%.

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. Chandra Prabu Colony's 2024 guideline value is equal to this median.

Stamp duty and registration fee for property in Chandra Prabu Colony

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 cost for these fees to Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chandra Prabu Colony?

The Sub Registrar Office that covers Chandra Prabu Colony is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Madhavaram. It is used to determine the stamp duty and registration fees payable when buying or selling property in the area.

When registering a property, the higher of the guideline value or the sale price is considered for calculating these fees. This ensures that the transaction is recorded accurately in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of Chandra Prabu Colony?

The current guideline value of Chandra Prabu Colony 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 1,200 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 33% over this period.

What are the stamp duty rates for property in Chandra Prabu Colony?

The stamp duty for property transactions in Chandra Prabu Colony is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chandra Prabu Colony?

The Madhavaram Sub Registrar Office, which covers Chandra Prabu Colony, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What other streets have the same guideline value in Madhavaram?

Other streets in Madhavaram, such as Chandraprabhu Layout 3rd Main Road and Chandraprabhu Layout 2nd Main Rd, also share the same guideline value of Rs 1,600 per sq.ft for 2024.