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Guideline Value

Corporate

Guideline Value for Iyyappa Nagar (Ward-29)

₹1300/sq.ft.

The guideline value for Iyyappa Nagar (ward-29) 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 Iyyappa Nagar (ward-29)

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Iyyappa Nagar (Ward-29) guideline value

The current guideline value for Iyyappa Nagar (Ward-29) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Iyyappa Nagar (Ward-29) has changed

The guideline value for Iyyappa Nagar (Ward-29) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, an increase from Rs 1,200 per sq.ft in the 2023 revision. Notably, there was no change in the value from the 2012 revision to the 2023 revision, which also stood at Rs 1,200 per sq.ft. The overall change from the 2012 revision to the 2024 revision is an increase of 8%.

The register has no figures for the years 2002, 2003, 2007, and 2017 for this street. The 2012 revision was the same as the 2023 revision at Rs 1,200 per sq.ft, while the 2024 revision reflects an 8% increase from the previous year.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median of Rs 1,600 per sq.ft. The guideline value for Iyyappa Nagar (Ward-29) is below this median.

Stamp duty and registration fee for property in Iyyappa Nagar (Ward-29)

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 to Rs 1,17,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Iyyappa Nagar (Ward-29)?

The Sub Registrar Office covering Iyyappa Nagar (Ward-29) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Madhavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is documented at a value recognized by the government.

When you register a property, you will need to pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the property is officially recorded and that the necessary taxes are paid to the government.

Frequently asked questions

What is the current guideline value for Iyyappa Nagar (Ward-29)?

The current guideline value for Iyyappa Nagar (Ward-29) 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 2023 to Rs 1,300 per sq.ft in 2024, marking an 8% increase. There was no change in the value from 2012 to 2023, which remained at Rs 1,200 per sq.ft.

What is the land classification for Iyyappa Nagar (Ward-29)?

Iyyappa Nagar (Ward-29) is classified as Residential Class III Type - I, indicating its designation for residential use within the area.

What are the stamp duty and registration fees for property in Iyyappa Nagar (Ward-29)?

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.

Where can I find the Sub Registrar Office for Iyyappa Nagar (Ward-29)?

The Sub Registrar Office for Iyyappa Nagar (Ward-29) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details about your SRO online.