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Guideline Value

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Guideline Value for Jothiramalingam Nagar (Kuthira Kuthi Thazai)

₹1300/sq.ft.

The guideline value for Jothiramalingam Nagar (kuthira Kuthi Thazai) 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 Jothiramalingam Nagar (kuthira Kuthi Thazai)

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Jothiramalingam Nagar (Kuthira Kuthi Thazai) guideline value

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

How the guideline value of Jothiramalingam Nagar (Kuthira Kuthi Thazai) has changed

Since the register has no figures for the years 2002, 2003, 2007, 2012, and 2017, we will focus on the available revisions. The guideline value was Rs 1,200 per sq.ft in 2023, and it increased to Rs 1,300 per sq.ft in the 2024 revision, marking an increase of 8%.

The 2024 revision shows a significant adjustment from the previous year, reflecting the ongoing changes in property values in the region. The guideline value for Jothiramalingam Nagar (Kuthira Kuthi Thazai) is currently below the median guideline value of Rs 1,600 per sq.ft for Madhavaram.

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 is Rs 1,600 per sq.ft, placing Jothiramalingam Nagar (Kuthira Kuthi Thazai) below this median.

Stamp duty and registration fee for property in Jothiramalingam Nagar (Kuthira Kuthi Thazai)

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, bringing the total charges to Rs 1,17,000. Please note that the 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 Jothiramalingam Nagar (Kuthira Kuthi Thazai)?

The Sub Registrar Office that covers Jothiramalingam Nagar (Kuthira Kuthi Thazai) 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 determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When you buy or sell a property, the guideline value is used to assess the applicable charges, ensuring that the transaction is recorded accurately in the official registers. This process helps maintain transparency and legal compliance in property dealings.

Frequently asked questions

What is the current guideline value for Jothiramalingam Nagar (Kuthira Kuthi Thazai)?

The current guideline value for Jothiramalingam Nagar (Kuthira Kuthi Thazai) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

In the 2024 revision, the guideline value increased from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft, which is an increase of 8%.

What is the land classification for Jothiramalingam Nagar (Kuthira Kuthi Thazai)?

Jothiramalingam Nagar (Kuthira Kuthi Thazai) is classified as 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 the stamp duty calculated for properties in Jothiramalingam Nagar (Kuthira Kuthi Thazai)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 91,000.