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Guideline Value

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Guideline Value for G.N.T. Road (Nellore High Road)

₹4400/sq.ft.

The guideline value for G.n.t. Road (nellore High Road) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /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 G.n.t. Road (nellore High Road)

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G.N.T. Road (Nellore High Road) guideline value

The current guideline value of G.N.T. Road (Nellore High Road) is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Madhavaram village, under the Madhavaram SRO, and is classified as Commercial Special Type - I.

How the guideline value of G.N.T. Road (Nellore High Road) has changed

The guideline value for G.N.T. Road has seen several revisions over the years. In the 2012 revision, the value was set at Rs 4,000 per sq.ft. This was followed by a decrease in the 2017 revision to Rs 2,680 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 4,000 per sq.ft in the 2023 revision, and further rose to Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 G.N.T. Road (Nellore High Road) is above this median.

Stamp duty and registration fee for property in G.N.T. Road (Nellore High Road)

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers G.N.T. Road (Nellore High Road)?

The Sub Registrar Office that covers G.N.T. Road (Nellore High Road) 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 serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This helps in standardizing the costs involved and provides a clear framework for buyers and sellers alike.

Frequently asked questions

What is the current guideline value of G.N.T. Road?

The current guideline value of G.N.T. Road (Nellore High Road) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What are the other streets in Madhavaram with their guideline values?

Other streets in Madhavaram have varying guideline values, with G.N.T. Road (Ward-20) and G.N.T. Road (Ward-30) both at Rs 4,400 per sq.ft, while other streets like Gokulam Avenue and Gemini Vasan St are at Rs 1,300 per sq.ft.

What is the registration fee for properties in G.N.T. Road?

The registration fee for properties in G.N.T. Road is calculated based on the guideline value, with a rate of 2%. For example, for a property valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Which office handles property registration for G.N.T. Road?

The Madhavaram Sub Registrar Office handles property registration for G.N.T. Road (Nellore High Road). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.