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Guideline Value

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Guideline Value for Gowri Nagar,Ponniammanmedu (Ward-23)

₹1300/sq.ft.

The guideline value for Gowri Nagar,ponniammanmedu (ward-23) 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 Gowri Nagar,ponniammanmedu (ward-23)

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Gowri Nagar,Ponniammanmedu (Ward-23) guideline value

The current guideline value of Gowri Nagar, Ponniammanmedu (Ward-23) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area falls under Madhavaram village and the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Gowri Nagar,Ponniammanmedu (Ward-23) has changed

The guideline value for Gowri Nagar, Ponniammanmedu has seen several revisions over the years. In 2017, the value was Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The latest revision in 2024 has set the value at Rs 1,300 per sq.ft, marking an increase of 8% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 62%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was significant, at 49%.

Guideline values in Madhavaram

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

Stamp duty and registration fee for property in Gowri Nagar,Ponniammanmedu (Ward-23)

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, while the registration fee at 2% would be Rs 26,000, making the total fees together Rs 1,17,000. Please 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 detailed calculations.

Which Sub Registrar Office covers Gowri Nagar,Ponniammanmedu (Ward-23)?

The Sub Registrar Office that covers Gowri Nagar, Ponniammanmedu (Ward-23) 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 an important factor in property transactions in Madhavaram, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. This value serves as a benchmark for the transaction and helps in determining the financial obligations involved.

Frequently asked questions

What is the current guideline value of Gowri Nagar, Ponniammanmedu?

The current guideline value of Gowri Nagar, Ponniammanmedu (Ward-23) 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 increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 62% over this period.

What are the stamp duty and registration fees for property in this area?

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.

Which office registers properties in Gowri Nagar, Ponniammanmedu?

The Madhavaram Sub Registrar Office is responsible for registering properties in Gowri Nagar, Ponniammanmedu (Ward-23).

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties and is crucial for calculating stamp duty and registration fees during property transactions.