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Guideline Value

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

₹1300/sq.ft.

The guideline value for Edaima Nagar 5th 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 5th Cross St ( Ward No.5 )

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

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

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

Over the years, the guideline value for Edaima Nagar 5th cross st has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, an increase of 8% from the 2023 revision, which was Rs 1,200 per sq.ft. The 2012 revision also recorded a guideline value of Rs 1,200 per sq.ft, indicating no change from 2012 to 2023. The register has no figure for the years 2002, 2003, 2007, and 2017.

In summary, from 2012 to 2024, the overall change in guideline value for Edaima Nagar 5th cross st is +8%. This reflects the increase from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024.

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 in this area is Rs 1,600 per sq.ft, placing Edaima Nagar 5th cross st below that median.

Stamp duty and registration fee for property in Edaima Nagar 5th cross st ( Ward No.5 )

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the 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 to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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

The Edaima Nagar 5th cross st ( Ward No.5 ) is covered by 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 plays a crucial role during property registration in Madhavaram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property in the official records. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Edaima Nagar 5th cross st?

The current guideline value of Edaima Nagar 5th 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 changed from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, marking an increase of 8%. There was no change from 2012 to 2023, as the value remained at Rs 1,200 per sq.ft.

What is the land classification of Edaima Nagar 5th cross st?

Edaima Nagar 5th cross st is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value. For example, on a 1,000 sq.ft plot, the total fees can amount to Rs 1,17,000.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060, and it is responsible for property registrations in this area.