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Guideline Value

Corporate

Guideline Value for Gemini Ss Vasan Street (Ward-10)

₹1300/sq.ft.

The guideline value for Gemini Ss Vasan Street (ward-10) 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 Gemini Ss Vasan Street (ward-10)

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Gemini Ss Vasan Street (Ward-10) guideline value

The current guideline value of Gemini Ss Vasan Street (Ward-10) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Gemini Ss Vasan Street (Ward-10) has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This figure increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise over the six years. The most recent revision in 2024 further increased the guideline value to Rs 1,300 per sq.ft, reflecting an 8% change from the previous year.

Overall, from 2017 to 2024, the guideline value has seen a significant increase of 62%. The register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madhavaram

Madhavaram village has a total of 1,946 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, indicating that Gemini Ss Vasan Street's 2024 figure is below the median.

Stamp duty and registration fee for property in Gemini Ss Vasan Street (Ward-10)

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, and the registration fee at 2% would be Rs 26,000, bringing the total charges 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 our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Gemini Ss Vasan Street (Ward-10)?

The Sub Registrar Office that covers Gemini Ss Vasan Street (Ward-10) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Madhavaram. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the duty is charged on whichever is higher. This ensures that all transactions are conducted at a fair value as per the established rates.

Frequently asked questions

What is the current guideline value of Gemini Ss Vasan Street (Ward-10)?

The current guideline value of Gemini Ss Vasan Street (Ward-10) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,300 per sq.ft in 2024, marking an overall increase of 62% over the seven-year period.

What is the land classification for Gemini Ss Vasan Street?

The land classification for Gemini Ss Vasan Street (Ward-10) is Residential Class III Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property transactions here?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for this street?

The Madhavaram Sub Registrar Office handles property registrations for Gemini Ss Vasan Street (Ward-10). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.