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Guideline Value

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Guideline Value for Elumalai Nagar, Ponniammanmedu (Ward-23)

₹1300/sq.ft.

The guideline value for Elumalai Nagar, Ponniammanmedu (ward-23) 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 ₹1200 /sq.ft.
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 Elumalai Nagar, Ponniammanmedu (ward-23)

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Elumalai Nagar, Ponniammanmedu (Ward-23) guideline value

The current guideline value for Elumalai Nagar, Ponniammanmedu (Ward-23) is Rs 1,300 per sq.ft, effective from the 2024 revision. This area is classified under Residential Class III Type - I and falls under the Madhavaram SRO in Chennai zone.

How the guideline value of Elumalai Nagar, Ponniammanmedu (Ward-23) has changed

Over the years, the guideline value for Elumalai Nagar has seen several revisions. The 2012 revision set the guideline value at Rs 1,200 per sq.ft, which was then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision has further increased it to Rs 1,300 per sq.ft. The register has no figure for this street in 2002, 2003, or 2007.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The 2023 to 2024 revision reflects an increase of 8%. Overall, from 2012 to 2024, the guideline value has increased by 8% despite the drop observed between 2012 and 2017.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values for 2024 ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, indicating that Elumalai Nagar, Ponniammanmedu (Ward-23) is below this median.

Stamp duty and registration fee for property in Elumalai Nagar, Ponniammanmedu (Ward-23)

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, while the registration fee at 2% would be Rs 26,000, bringing the total fees together to Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elumalai Nagar, Ponniammanmedu (Ward-23)?

The Sub Registrar Office that covers Elumalai Nagar, Ponniammanmedu (Ward-23) 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 is a crucial factor during the registration of property transactions in Madhavaram. It serves as a benchmark for assessing the value of the property, ensuring that the registration fees and stamp duties are calculated accurately based on this value.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be registered. This ensures that the transaction is in line with the prevailing market standards as set by the Registration Department.

Frequently asked questions

What is the current guideline value for Elumalai Nagar, Ponniammanmedu (Ward-23)?

The current guideline value for Elumalai Nagar, Ponniammanmedu (Ward-23) is Rs 1,300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 in 2023, and finally to Rs 1,300 in 2024. This reflects a significant increase from 2017 to 2023 and a smaller increase from 2023 to 2024.

What is the land classification for Elumalai Nagar?

Elumalai Nagar is classified under Residential Class III Type - I, which indicates its designation for residential development and usage.

What is the registration office for Elumalai Nagar?

The registration office for Elumalai Nagar, Ponniammanmedu (Ward-23) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for property in Elumalai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000, resulting in a stamp duty of Rs 91,000.