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Guideline Value

Corporate

Guideline Value for Edapalayam Road (Ward-7)

₹1300/sq.ft.

The guideline value for Edapalayam Road (ward-7) 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 Edapalayam Road (ward-7)

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Edapalayam Road (Ward-7) guideline value

The current guideline value of Edapalayam Road (Ward-7) is Rs 1,300 per sq.ft, effective from 1 July 2024. This road is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Edapalayam Road (Ward-7) has changed

The guideline value for Edapalayam Road (Ward-7) has undergone significant changes over the years. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, which reflects a 62% increase from the 2017 revision, where the value was Rs 804 per sq.ft. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street.

In summary, the guideline value increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024. This change indicates a notable rise in the valuation of properties along Edapalayam Road (Ward-7) over this period.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Edapalayam Road (Ward-7) at Rs 1,300 per sq.ft is below this median.

Stamp duty and registration fee for property in Edapalayam Road (Ward-7)

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 duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Edapalayam Road (Ward-7)?

The Sub Registrar Office that covers Edapalayam Road (Ward-7) 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 an essential factor in the registration process when buying or selling property in Madhavaram. It serves as a reference point for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value helps ensure that the government receives appropriate revenue from the transaction. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Edapalayam Road (Ward-7)?

The current guideline value of Edapalayam Road (Ward-7) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

The guideline value increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, representing a 62% increase.

Are there any years with no guideline value for Edapalayam Road (Ward-7)?

Yes, the register has no figures for Edapalayam Road (Ward-7) for the years 2023, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for a property on Edapalayam Road (Ward-7)?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,00,000. The stamp duty at 7% is Rs 91,000, and the registration fee at 2% is Rs 26,000, totaling Rs 1,17,000 for these fees.

Where can I find the Sub Registrar Office for Edapalayam Road (Ward-7)?

The Sub Registrar Office for Edapalayam Road (Ward-7) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.