Guideline Value for Edaima Nagar 13th cross st ( Ward No.5 )

Edaima Nagar 13th cross st ( Ward No.5 ) guideline value

The current guideline value of Edaima Nagar 13th cross st ( Ward No.5 ) is Rs 1,300 per sq.ft, effective from July 1, 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Edaima Nagar 13th cross st ( Ward No.5 ) has changed

The guideline value for Edaima Nagar 13th cross st has seen several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 1,200 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, reflecting an 8% rise from the previous year.

There are no registered figures for the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

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. The median value for these streets is Rs 1,600 per sq.ft, placing Edaima Nagar 13th cross st's 2024 figure below that median.

• Edaima Nagar 12th cross st ( Ward No.5 ): Rs 1,300 per sq.ft (2024)
• Edaima Nagar 1st cross st ( Ward No.5 ): Rs 1,300 per sq.ft (2024)
• Edaima Nagar 11th cross st ( Ward No.5 ): Rs 1,300 per sq.ft (2024)
• Edaima Nagar 2nd cross st ( Ward No.5 ): Rs 1,300 per sq.ft (2024)
• Edaima Nagar 10th cross st ( Ward No.5 ): Rs 1,300 per sq.ft (2024)
• Edaima Nagar 3rd cross st ( Ward No.5 ): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Edaima Nagar 13th cross 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 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, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Edaima Nagar 13th cross st ( Ward No.5 )?

The Sub Registrar Office that covers Edaima Nagar 13th cross 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the set guideline.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Edaima Nagar 13th cross st ( Ward No.5 )?

The current guideline value of Edaima Nagar 13th cross st ( Ward No.5 ) is Rs 1,300 per sq.ft, effective from July 1, 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 1,300 per sq.ft in 2024, marking an overall increase of 8% over this period.

What is the stamp duty for property in Edaima Nagar 13th cross st ( Ward No.5 )?

The stamp duty for property in Edaima Nagar 13th cross st is calculated at 7% of the guideline value or sale price, whichever is higher.

Which office should I visit for registration in Edaima Nagar 13th cross st ( Ward No.5 )?

The Madhavaram Sub Registrar Office is responsible for registration in Edaima Nagar 13th cross st ( Ward No.5 ).

What is the land classification of Edaima Nagar 13th cross st ( Ward No.5 )?

Edaima Nagar 13th cross st ( Ward No.5 ) is classified as Residential Class III Type - I.