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Guideline Value

Corporate

Guideline Value for Elango Adigal St ( Ward No.16 )

₹1300/sq.ft.

The guideline value for Elango Adigal St ( Ward No.16 ) 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 ₹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 Elango Adigal St ( Ward No.16 )

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Elango Adigal St ( Ward No.16 ) guideline value

The current guideline value of Elango Adigal St ( Ward No.16 ) 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 Elango Adigal St ( Ward No.16 ) has changed

The guideline value of Elango Adigal St has undergone several revisions over the years. The earliest recorded figure is from 2017, which was Rs 804 per sq.ft. This value increased to Rs 1,200 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that the register has no figure for Elango Adigal St for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 62%.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median guideline value in this area is Rs 1,600 per sq.ft, indicating that the 2024 guideline value for Elango Adigal St is below this median.

Stamp duty and registration fee for property in Elango Adigal St ( Ward No.16 )

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

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

Which Sub Registrar Office covers Elango Adigal St ( Ward No.16 )?

The Sub Registrar Office that covers Elango Adigal St ( Ward No.16 ) 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 plays a crucial role during the registration of property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the correct fees are calculated based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Elango Adigal St?

The current guideline value of Elango Adigal St ( Ward No.16 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

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

What were the guideline values for Elango Adigal St in previous years?

The guideline values for Elango Adigal St were Rs 804 per sq.ft in 2017, Rs 1,200 per sq.ft in 2023, and Rs 1,300 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

How is the stamp duty calculated for properties in Elango Adigal St?

The stamp duty for properties in Elango Adigal St is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000.

Where can I find the Sub Registrar Office for Elango Adigal St?

The Sub Registrar Office for Elango Adigal St is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.