Guideline Value for Government High School Road (Ward-7)

Government High School Road (Ward-7) guideline value

The current guideline value of Government High School Road (Ward-7) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Government High School Road (Ward-7) has changed

In the 2012 revision, the guideline value for Government High School Road was Rs 1,200 per sq.ft. This figure remained unchanged through the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, marking an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that the register has no figures for this street in the revisions of 2002, 2003, 2007, and 2017.

Guideline values in Madhavaram

In Madhavaram village, there are 1,946 streets under the Madhavaram SRO, with guideline values 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 the 2024 figure for Government High School Road is below this median.

• Govindappa Naicker St (Ward-02): Rs 1,300 per sq.ft (2024)
• Govindasamy Street (Ward-23): Rs 1,300 per sq.ft (2024)
• Govindasamy st (Ward No.22): Rs 1,300 per sq.ft (2024)
• Gowri Nagar: Rs 3,000 per sq.ft (2024)
• Gowri Nagar Main Road (Ward No.24): Rs 1,300 per sq.ft (2024)
• Gowri Nagar (Ponniamman Medu): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Government High School Road (Ward-7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total fees together to Rs 1,17,000. It is important to note that 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 Government High School Road (Ward-7)?

The Sub Registrar Office that covers Government High School Road (Ward-7) 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 in the registration process for property transactions in Madhavaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This ensures transparency and fairness in property dealings, as both buyers and sellers are aware of the standard rates set by the government.

Frequently asked questions

What is the current guideline value of Government High School Road (Ward-7)?

The current guideline value of Government High School Road (Ward-7) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2012 to 2023, but it increased to Rs 1,300 per sq.ft in the 2024 revision, marking an 8% rise from the previous year.

What is the land classification for Government High School Road (Ward-7)?

Government High School Road (Ward-7) is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Government High School Road (Ward-7)?

The Sub Registrar Office for Government High School Road (Ward-7) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the median guideline value in Madhavaram village?

The median guideline value in Madhavaram village is Rs 1,600 per sq.ft, which is higher than the current guideline value for Government High School Road (Ward-7).