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Guideline Value

Corporate

Guideline Value for Iyer Thottam 1st Street (Ponniamman Medu)

₹1300/sq.ft.

The guideline value for Iyer Thottam 1st Street (ponniamman Medu) 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 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /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 Iyer Thottam 1st Street (ponniamman Medu)

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Iyer Thottam 1st Street (Ponniamman Medu) guideline value

The current guideline value of Iyer Thottam 1st Street (Ponniamman Medu) is Rs 1,300 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 III Type - I.

How the guideline value of Iyer Thottam 1st Street (Ponniamman Medu) has changed

Over the years, the guideline value for Iyer Thottam 1st Street (Ponniamman Medu) has seen several revisions. The guideline value remained at Rs 1,200 per sq.ft from the 2012 revision until the 2023 revision, which also set the value at Rs 1,200 per sq.ft. However, in the 2024 revision, the value increased to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change in the guideline value is an increase of 8%. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

Madhavaram village has a total of 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, placing Iyer Thottam 1st Street's 2024 figure below that median.

Stamp duty and registration fee for property in Iyer Thottam 1st Street (Ponniamman Medu)

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, bringing the total cost for these fees to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iyer Thottam 1st Street (Ponniamman Medu)?

The Sub Registrar Office that covers Iyer Thottam 1st Street (Ponniamman Medu) 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 critical factor in the registration process of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently.

When buying or selling property, the guideline value influences the amount of stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Iyer Thottam 1st Street (Ponniamman Medu)?

The current guideline value of Iyer Thottam 1st Street (Ponniamman Medu) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for Iyer Thottam 1st Street (Ponniamman Medu)?

The guideline value has remained at Rs 1,200 per sq.ft from 2012 to 2023, before increasing to Rs 1,300 per sq.ft in 2024, marking an overall increase of 8% from 2012 to 2024.

What are the stamp duty and registration fees for property in Iyer Thottam 1st Street (Ponniamman Medu)?

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 handles property registrations for Iyer Thottam 1st Street (Ponniamman Medu)?

The Madhavaram Sub Registrar Office handles property registrations for Iyer Thottam 1st Street (Ponniamman Medu), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

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

The guideline value is used to determine the minimum value for property registration in Madhavaram. It affects the calculation of stamp duty and registration fees, which are charged on the higher of the guideline value or the sale price.