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Guideline Value

Corporate

Guideline Value for Elangoadigal Street (Dr.A.J. Mehta Nagar)

₹1300/sq.ft.

The guideline value for Elangoadigal Street (dr.a.j. Mehta Nagar) 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 Elangoadigal Street (dr.a.j. Mehta Nagar)

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Elangoadigal Street (Dr.A.J. Mehta Nagar) guideline value

The current guideline value of Elangoadigal Street (Dr.A.J. Mehta Nagar) 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 Elangoadigal Street (Dr.A.J. Mehta Nagar) has changed

The guideline value for Elangoadigal Street has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value to Rs 1,300 per sq.ft, marking an 8% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 62%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Elangoadigal Street. The significant increase between the 2017 and 2023 revisions was 49%, reflecting a notable change in the guideline value during that period.

Guideline values in Madhavaram

In Madhavaram village, 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. Elangoadigal Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Elangoadigal Street (Dr.A.J. Mehta Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the 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 to 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 details.

Which Sub Registrar Office covers Elangoadigal Street (Dr.A.J. Mehta Nagar)?

The Sub Registrar Office that covers Elangoadigal Street (Dr.A.J. Mehta Nagar) is 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 plays a crucial role in the registration process when buying or selling property in Madhavaram. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Elangoadigal Street?

The current guideline value of Elangoadigal Street (Dr.A.J. Mehta Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 62% over this period.

What is the land classification of Elangoadigal Street?

Elangoadigal Street (Dr.A.J. Mehta Nagar) is classified as Residential Class III Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated on properties in Madhavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value or sale price.