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Guideline Value

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Guideline Value for Edaima Nagar 7th cross st ( Ward No.5 )

₹1300/sq.ft.

The guideline value for Edaima Nagar 7th 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 7th Cross St ( Ward No.5 )

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Edaima Nagar 7th cross st ( Ward No.5 ) guideline value

The current guideline value of Edaima Nagar 7th 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 7th cross st ( Ward No.5 ) has changed

The guideline value for Edaima Nagar 7th cross st has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that there are no figures available for this street in the revisions for the years 2002, 2003, 2007, and 2017.

Guideline values in Madhavaram

The guideline values for streets in Madhavaram vary significantly, with figures ranging from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median guideline value in this village is Rs 1,600 per sq.ft, placing Edaima Nagar 7th cross st's 2024 figure below that median.

Stamp duty and registration fee for property in Edaima Nagar 7th 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 would be 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.

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

Which Sub Registrar Office covers Edaima Nagar 7th cross st ( Ward No.5 )?

The Sub Registrar Office that covers Edaima Nagar 7th 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 further assistance.

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 minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value for Edaima Nagar 7th cross st?

The current guideline value for Edaima Nagar 7th 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?

Since the 2012 revision, the guideline value has increased by 8% to reach Rs 1,300 per sq.ft in 2024. There were no changes recorded in the 2023 revision from the 2012 figure.

What are the other streets with the same guideline value in Madhavaram?

Several other streets in Madhavaram also have a guideline value of Rs 1,300 per sq.ft for 2024, including Edaima Nagar 6th, 8th, 5th, 9th, and 4th cross streets, as well as Edaima Nagar to Assisi Nagar Main Road.

What is the registration fee for properties in Edaima Nagar 7th cross st?

The registration fee for properties is calculated based on the guideline value. For a plot valued at Rs 13,00,000, the registration fee at 2% would be Rs 26,000.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can visit this office for property registration and related services.