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Guideline Value

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Guideline Value for Edaima Nagar 2nd cross st ( Ward No.5 )

₹1300/sq.ft.

The guideline value for Edaima Nagar 2nd Cross St ( Ward No.5 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. 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 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 Edaima Nagar 2nd Cross St ( Ward No.5 )

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Edaima Nagar 2nd cross st ( Ward No.5 ) guideline value

The current guideline value for Edaima Nagar 2nd cross 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. The land classification for this area is Residential Class III Type - I.

How the guideline value of Edaima Nagar 2nd cross st ( Ward No.5 ) has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, reflecting an 8% rise from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The changes in the guideline value from 2023 to 2024 indicate a notable adjustment, while the figures from 2012 to 2023 remained stable.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Edaima Nagar 2nd cross st ( Ward No.5 ) below this median.

Stamp duty and registration fee for property in Edaima Nagar 2nd 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, bringing the total cost for these 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 further calculations.

Which Sub Registrar Office covers Edaima Nagar 2nd cross st ( Ward No.5 )?

The Sub Registrar Office that covers Edaima Nagar 2nd cross st ( Ward No.5 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions within Madhavaram. It serves as the benchmark for calculating stamp duty and registration fees during the buying or selling process. When a property is registered, the guideline value is used to determine the applicable fees, ensuring that the transaction complies with local regulations.

Additionally, the guideline value helps establish a standard for property pricing in the area. Buyers and sellers can refer to this value to understand the market positioning of properties, facilitating informed decision-making during transactions.

Frequently asked questions

What is the current guideline value of Edaima Nagar 2nd cross st ( Ward No.5 )?

The current guideline value of Edaima Nagar 2nd cross 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 seen an increase from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 8%. The value remained unchanged at Rs 1,200 per sq.ft in 2023.

What is the land classification for Edaima Nagar 2nd cross st ( Ward No.5 )?

The land classification for Edaima Nagar 2nd cross st ( Ward No.5 ) is Residential Class III Type - I. This classification is important for determining the usage and development potential of the land.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Edaima Nagar 2nd cross st ( Ward No.5 )?

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