Guideline Value

Corporate

Guideline Value for Jothi Nagar Extention (Ward 29)

₹1300/sq.ft.

The guideline value for Jothi Nagar Extention (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 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 Jothi Nagar Extention (ward 29)

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Jothi Nagar Extention (Ward 29) guideline value

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

How the guideline value of Jothi Nagar Extention (Ward 29) has changed

According to the register, there are no figures for Jothi Nagar Extention in the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,200 per sq.ft, and the most recent 2024 revision has increased this to Rs 1,300 per sq.ft, reflecting an increase of 8% from the previous year.

The current guideline value of Rs 1,300 per sq.ft is the latest figure available for Jothi Nagar Extention (Ward 29). The revisions have shown a consistent increase in the guideline values over the years, with the most significant change occurring between 2023 and 2024.

Guideline values in Madhavaram

In Madhavaram, the guideline values for 2024 range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Jothi Nagar Extention is below this median, indicating its position within the broader range of values in the village.

Stamp duty and registration fee for property in Jothi Nagar Extention (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 cost for these fees to Rs 1,17,000. Please note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Jothi Nagar Extention (Ward 29)?

The Sub Registrar Office that covers Jothi Nagar Extention (Ward 29) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process for property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. This value is essential for calculating the applicable stamp duty and registration fees, which are based on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Jothi Nagar Extention (Ward 29)?

The current guideline value for Jothi Nagar Extention (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 for Jothi Nagar Extention has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, reflecting an increase of 8%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft for the year 2024. Jothi Nagar Extention's guideline value is below this median.

What are the stamp duty and registration fees for property in Jothi Nagar Extention?

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 is the Sub Registrar Office for Jothi Nagar Extention located?

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