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Guideline Value

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Guideline Value for Edaima Nagar to Assisi Nagar Main Road ( Ward No.6 )

₹1300/sq.ft.

The guideline value for Edaima Nagar To Assisi Nagar Main Road ( Ward No.6 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 To Assisi Nagar Main Road ( Ward No.6 )

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Edaima Nagar to Assisi Nagar Main Road ( Ward No.6 ) guideline value

The current guideline value for Edaima Nagar to Assisi Nagar Main Road ( Ward No.6 ) 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 to Assisi Nagar Main Road ( Ward No.6 ) has changed

In the 2017 revision, the guideline value was recorded at Rs 804 per sq.ft. This figure was updated in the 2024 revision to Rs 1,300 per sq.ft, reflecting an increase of 62% over the seven-year period.

For the years 2023, 2012, 2007, 2003, and 2002, the register has no figure for this street. The significant change from 2017 to 2024 highlights the adjustments made in the guideline value for this area.

Guideline values in Madhavaram

The guideline values in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft as of the 2024 revision, with a median value of Rs 1,600 per sq.ft. The guideline value for Edaima Nagar to Assisi Nagar Main Road ( Ward No.6 ) is below this median.

Stamp duty and registration fee for property in Edaima Nagar to Assisi Nagar Main Road ( Ward No.6 )

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 amount to 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 guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Edaima Nagar to Assisi Nagar Main Road ( Ward No.6 )?

The Edaima Nagar to Assisi Nagar Main Road ( Ward No.6 ) is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is an essential 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 applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Edaima Nagar to Assisi Nagar Main Road ( Ward No.6 )?

The current guideline value for Edaima Nagar to Assisi Nagar Main Road ( Ward No.6 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 62%, rising from Rs 804 per sq.ft to Rs 1,300 per sq.ft in 2024.

What are the guideline values for other streets in Madhavaram?

The guideline values for other streets in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft, with a median of Rs 1,600 per sq.ft. Edaima Nagar to Assisi Nagar Main Road ( Ward No.6 ) is below this median.

What fees are associated with property registration in Edaima Nagar to Assisi Nagar Main Road ( Ward No.6 )?

The fees associated with property registration include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 13,00,000 would incur a total fee of Rs 1,17,000.

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 find more details online.