Guideline Value

Corporate

Guideline Value for GRAND ENCLAVE

₹220/sq.ft.

The guideline value for Grand Enclave in Madyathur village (Thiruporur SRO, Chengalpattu zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madyathur

Village

Thiruporur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /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.29, South Mada Street, Thiruporur-603110
044-27445228
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]

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Grand Enclave guideline value

The current guideline value of Grand Enclave in Madyathur village is Rs 220 per sq.ft, effective from 1 July 2024. This property falls under the Thiruporur SRO and is classified as Residential Class I Type - I.

How the guideline value of Grand Enclave has changed

The guideline value for Grand Enclave has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which was then reduced to Rs 134 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 200 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 220 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Madyathur

In Madyathur, there are six streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,000 per sq.ft. The median value for these streets is Rs 638 per sq.ft, placing Grand Enclave's 2024 figure below that median.

Stamp duty and registration fee for property in Grand Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty is charged at 7%, which totals Rs 15,400, while the registration fee at 2% amounts to Rs 4,400. Together, the total fees would be Rs 19,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Grand Enclave?

The Sub Registrar Office that covers Grand Enclave is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madyathur

The guideline value is a crucial factor during the registration of property transactions in Madyathur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value, as it can influence the overall costs involved in the transaction, including the stamp duty and registration fees that are calculated based on this value.

Frequently asked questions

What is the current guideline value for Grand Enclave?

The current guideline value for Grand Enclave is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

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

Other streets in Madyathur include Esairaja Residency and New Town Layout at Rs 275 per sq.ft, while Doctors Green Grounds, New Town, and Sri Sai Sundaram Nagar are at Rs 1,000 per sq.ft.

What are the stamp duty and registration fees for buying property in Grand Enclave?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at Rs 220 per sq.ft, the total fees amount to Rs 19,800.

Which Sub Registrar Office covers Grand Enclave?

The Thiruporur Sub Registrar Office covers Grand Enclave, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.