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Guideline Value

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Guideline Value for K.K.Thazhai Cross Streets ( Ward No.3 )

₹1300/sq.ft.

The guideline value for K.k.thazhai Cross Streets ( Ward No.3 ) 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 K.k.thazhai Cross Streets ( Ward No.3 )

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K.K.Thazhai Cross Streets ( Ward No.3 ) guideline value

The current guideline value for K.K.Thazhai Cross Streets ( Ward No.3 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of K.K.Thazhai Cross Streets ( Ward No.3 ) has changed

The guideline value for K.K.Thazhai Cross Streets ( Ward No.3 ) has undergone several revisions over the years. The earliest revision noted in the register is from 2002, but it has no figure for this street. The next revision in 2003 also has no figure for this street. The 2007 revision similarly does not provide a figure. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This was an increase from the previous revisions, marking an 8% rise in value.

The most recent revision in 2024 raised the guideline value to Rs 1,300 per sq.ft. This indicates a further increase from the 2012 figure, reflecting the changes in property values over the years. The revisions for 2017 and 2023 also do not have figures for this street.

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 value for these streets is Rs 1,600 per sq.ft, placing K.K.Thazhai Cross Streets ( Ward No.3 ) below this median value.

Stamp duty and registration fee for property in K.K.Thazhai Cross Streets ( Ward No.3 )

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. It is important to 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 K.K.Thazhai Cross Streets ( Ward No.3 )?

The Sub Registrar Office that covers K.K.Thazhai Cross Streets ( Ward No.3 ) 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 plays a crucial role in property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The amount of these fees is calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in the real estate market. Buyers and sellers must be aware of the current guideline value to accurately estimate their costs during the transaction process.

Frequently asked questions

What is the current guideline value of K.K.Thazhai Cross Streets ( Ward No.3 )?

The current guideline value of K.K.Thazhai Cross Streets ( Ward No.3 ) 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, marking an 8% increase. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023.

What is the classification of K.K.Thazhai Cross Streets ( Ward No.3 )?

K.K.Thazhai Cross Streets ( Ward No.3 ) is classified as Residential Class III Type - I. This classification indicates the type of development allowed in the area.

What are the stamp duty and registration fees for property transactions?

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 K.K.Thazhai Cross Streets ( Ward No.3 )?

The Madhavaram Sub Registrar Office covers K.K.Thazhai Cross Streets ( Ward No.3 ) and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details online.