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Guideline Value

Corporate

Guideline Value for Iyyappa Nagar Main Road ( Ward No.24 )

₹1300/sq.ft.

The guideline value for Iyyappa Nagar Main Road ( Ward No.24 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. 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 N/A
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 Iyyappa Nagar Main Road ( Ward No.24 )

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Iyyappa Nagar Main Road ( Ward No.24 ) guideline value

The current guideline value of Iyyappa Nagar Main Road ( Ward No.24 ) 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 Iyyappa Nagar Main Road ( Ward No.24 ) has changed

The guideline value for Iyyappa Nagar Main Road ( Ward No.24 ) has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 1,200 per sq.ft. The most recent revision in 2024 has increased this value to Rs 1,300 per sq.ft, marking an increase of 8% from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street. The only revisions available are from 2012 and 2024, showing a clear upward trend in the guideline value.

Guideline values in Madhavaram

In Madhavaram, there are 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 guideline value in this area is Rs 1,600 per sq.ft, indicating that the guideline value for Iyyappa Nagar Main Road ( Ward No.24 ) is below the median.

Stamp duty and registration fee for property in Iyyappa Nagar Main Road ( Ward No.24 )

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, and the registration fee at 2% would be Rs 26,000. Together, these fees would total Rs 1,17,000. It is important to note that 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 Iyyappa Nagar Main Road ( Ward No.24 )?

The Sub Registrar Office that covers Iyyappa Nagar Main Road ( Ward No.24 ) 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 during the registration of property transactions in Madhavaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair price for the transaction, as it reflects the government's assessment of property values in the area. This ensures transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Iyyappa Nagar Main Road ( Ward No.24 )?

The current guideline value of Iyyappa Nagar Main Road ( Ward No.24 ) 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 changed from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, representing an increase of 8%. There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023.

What is the land classification for Iyyappa Nagar Main Road ( Ward No.24 )?

The land classification for Iyyappa Nagar Main Road ( Ward No.24 ) is Residential Class III Type - I, indicating its suitability for residential development.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft. The guideline value for Iyyappa Nagar Main Road ( Ward No.24 ) is below this median.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office is responsible for the registration of properties in this area.