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Guideline Value

Corporate

Guideline Value for Iyyar Thottam 1St St,Ponniammanmedu (Ward-22)

₹1300/sq.ft.

The guideline value for Iyyar Thottam 1st St,ponniammanmedu (ward-22) 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 Iyyar Thottam 1st St,ponniammanmedu (ward-22)

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Iyyar Thottam 1St St,Ponniammanmedu (Ward-22) guideline value

The current guideline value of Iyyar Thottam 1St St,Ponniammanmedu (Ward-22) 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 Iyyar Thottam 1St St,Ponniammanmedu (Ward-22) has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, marking an 8% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 8%.

The register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions available for reference are from 2012, 2023, and 2024.

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. The median value for these streets is Rs 1,600 per sq.ft, indicating that the guideline value for Iyyar Thottam 1St St,Ponniammanmedu (Ward-22) is below this median.

Stamp duty and registration fee for property in Iyyar Thottam 1St St,Ponniammanmedu (Ward-22)

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the 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. Together, the total cost for these fees would be Rs 1,17,000. Please note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Iyyar Thottam 1St St,Ponniammanmedu (Ward-22)?

The Iyyar Thottam 1St St,Ponniammanmedu (Ward-22) area is covered by 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 crucial reference point during the registration of property transactions in Madhavaram. It is used to determine the stamp duty and registration fees applicable to the property being sold or purchased.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Iyyar Thottam 1St St,Ponniammanmedu (Ward-22)?

The current guideline value for Iyyar Thottam 1St St,Ponniammanmedu (Ward-22) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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

What is the land classification for Iyyar Thottam 1St St,Ponniammanmedu (Ward-22)?

The land classification for Iyyar Thottam 1St St,Ponniammanmedu (Ward-22) is Residential Class III Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Iyyar Thottam 1St St,Ponniammanmedu (Ward-22)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 13,00,000, the stamp duty at 7% would be Rs 91,000.