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Guideline Value

Corporate

Guideline Value for Dr.Ambedkar Nagar Kalkotai (Tannery) Shop (1st to 9th Street)

₹1600/sq.ft.

The guideline value for Dr.ambedkar Nagar Kalkotai (tannery) Shop (1st To 9th Street) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
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 Dr.ambedkar Nagar Kalkotai (tannery) Shop (1st To 9th Street)

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Dr.Ambedkar Nagar Kalkotai (Tannery) Shop (1st to 9th Street) guideline value

The current guideline value for Dr.Ambedkar Nagar Kalkotai (Tannery) Shop (1st to 9th Street) is Rs 1,600 per sq.ft, effective from 1 July 2024. This property is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Dr.Ambedkar Nagar Kalkotai (Tannery) Shop (1st to 9th Street) has changed

The guideline value for this street has undergone several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft. This figure decreased to Rs 1,005 per sq.ft in 2017. However, the most recent revision in 2024 saw a significant increase to Rs 1,600 per sq.ft, marking a 59% rise from the 2017 figure. The overall change from 2012 to 2024 is a modest increase of 7%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for this street. Therefore, the only relevant revisions are from 2012, 2017, and 2024.

Guideline values in Madhavaram

Madhavaram village has a total of 1,946 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, which aligns with the current guideline value for Dr.Ambedkar Nagar Kalkotai (Tannery) Shop (1st to 9th Street).

Stamp duty and registration fee for property in Dr.Ambedkar Nagar Kalkotai (Tannery) Shop (1st to 9th Street)

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the 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 to Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.Ambedkar Nagar Kalkotai (Tannery) Shop (1st to 9th Street)?

The Sub Registrar Office that covers Dr.Ambedkar Nagar Kalkotai (Tannery) Shop (1st to 9th Street) 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 plays a crucial role in 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, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value is assessed alongside the agreed sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory for completing the transaction legally.

Frequently asked questions

What is the current guideline value for Dr.Ambedkar Nagar Kalkotai (Tannery) Shop (1st to 9th Street)?

The current guideline value for Dr.Ambedkar Nagar Kalkotai (Tannery) Shop (1st to 9th Street) 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 1,005 per sq.ft in 2017, and then increased to Rs 1,600 per sq.ft in 2024. This marks a 59% increase from 2017 to 2024.

What is the land classification for this street?

Dr.Ambedkar Nagar Kalkotai (Tannery) Shop (1st to 9th Street) is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Dr.Ambedkar Nagar Kalkotai (Tannery) Shop (1st to 9th Street) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would amount to Rs 1,12,000.