Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Gandhi Street ( Ward No.29 )

₹1600/sq.ft.

The guideline value for Gandhi Street ( Ward No.29 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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 Gandhi Street ( Ward No.29 )

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Gandhi Street ( Ward No.29 ) guideline value

The current guideline value for Gandhi Street ( Ward No.29 ) is Rs 1,600 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 II Type - I.

How the guideline value of Gandhi Street ( Ward No.29 ) has changed

The guideline value for Gandhi Street ( Ward No.29 ) has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. However, the most recent 2024 revision has increased the value to Rs 1,600 per sq.ft, marking a 59% increase from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 7%.

It is important to note that there are no registered figures for this street in the years 2002, 2003, 2007, and 2023. The fluctuations in the guideline value reflect the changes in property assessments over the years.

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. The median guideline value is Rs 1,600 per sq.ft, which aligns with the current guideline value of Gandhi Street ( Ward No.29 ).

Stamp duty and registration fee for property in Gandhi Street ( Ward No.29 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. 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 Gandhi Street ( Ward No.29 )?

The Sub Registrar Office covering Gandhi Street ( Ward No.29 ) 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

When buying or selling property in Madhavaram, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value in their area, as it can significantly impact the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Gandhi Street ( Ward No.29 )?

The current guideline value of Gandhi Street ( Ward No.29 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then increased to Rs 1,600 per sq.ft in 2024. Overall, there has been a 7% increase from 2012 to 2024.

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

Other streets in Madhavaram have varying guideline values. For instance, Ganesan Nagar and Ganesh Nagar both have a guideline value of Rs 2,200 per sq.ft, while Ganesh Nagar 1st Street and Gandhi Road @ Gandhiji Road are valued at Rs 1,300 per sq.ft.

What are the stamp duty and registration fees for property in Gandhi Street ( Ward No.29 )?

The stamp duty for property in Gandhi Street ( Ward No.29 ) is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,44,000.

Which office handles registrations for Gandhi Street ( Ward No.29 )?

The Madhavaram Sub Registrar Office handles registrations for Gandhi Street ( Ward No.29 ). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.