Guideline Value for Edaima Nagar (Ward-05)

Edaima Nagar (Ward-05) guideline value

The current guideline value of Edaima Nagar (Ward-05) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Edaima Nagar (Ward-05) has changed

The guideline value for Edaima Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft. This figure was then increased to Rs 1,300 per sq.ft in the 2024 revision, marking a significant increase of 62% over the seven-year period.

There are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for this street in the register. Hence, the only available figures are from the 2017 and 2024 revisions.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO that carry a guideline value for 2024, ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this village is Rs 1,600 per sq.ft, indicating that the guideline value of Edaima Nagar is below this median.

• Edaima Nagar to Assisi Nagar Main Road (Ward No.6): Rs 1,300 per sq.ft (2024)
• Edaima Nagar 9th cross st (Ward No.5): Rs 1,300 per sq.ft (2024)
• Edaima Nagar 8th cross st (Ward No.5): Rs 1,300 per sq.ft (2024)
• Edapalayam Road (Ward-7): Rs 1,300 per sq.ft (2024)
• Edaima Nagar 7th cross st (Ward No.5): Rs 1,300 per sq.ft (2024)
• Edaima Nagar 6th cross st (Ward No.5): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Edaima Nagar (Ward-05)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Edaima Nagar (Ward-05)?

The Sub Registrar Office that covers Edaima Nagar (Ward-05) 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 of property transactions in Madhavaram. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees. Buyers must be aware that these charges are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Edaima Nagar (Ward-05)?

The current guideline value of Edaima Nagar (Ward-05) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, which is a 62% increase over this period.

Are there any years with no guideline value for Edaima Nagar?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Edaima Nagar.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft, which indicates that Edaima Nagar's current guideline value is below this median.

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 registrations for Edaima Nagar (Ward-05).