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Guideline Value

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Guideline Value for K.K.Thazhai Main Rd ( Ward No.2 )

₹1600/sq.ft.

The guideline value for K.k.thazhai Main Rd ( Ward No.2 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /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 Main Rd ( Ward No.2 )

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K.K.Thazhai Main Rd ( Ward No.2 ) guideline value

The current guideline value of K.K.Thazhai Main Rd ( Ward No.2 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This road is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of K.K.Thazhai Main Rd ( Ward No.2 ) has changed

The guideline value for K.K.Thazhai Main Rd ( Ward No.2 ) has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft, which is a significant increase from Rs 1,200 per sq.ft in the 2012 revision, marking a change of +33%. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

To summarize the revisions, the guideline value was Rs 1,200 per sq.ft in 2012, and it increased to Rs 1,600 per sq.ft in 2024. The absence of figures for the previous revisions indicates that the guideline value has been updated only in 2012 and 2024 for this specific road.

Guideline values in Madhavaram

Madhavaram village has a total of 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,600 per sq.ft, which aligns with the current guideline value of K.K.Thazhai Main Rd ( Ward No.2 ).

Stamp duty and registration fee for property in K.K.Thazhai Main Rd ( Ward No.2 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total cost for these fees Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers K.K.Thazhai Main Rd ( Ward No.2 )?

The K.K.Thazhai Main Rd ( Ward No.2 ) falls under 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 crucial factor when buying or selling property in Madhavaram, as it serves as the benchmark for determining the stamp duty and registration fees. Buyers must consider this value to ensure they are aware of the costs involved in the transaction.

During the registration process, the guideline value is used to calculate the applicable charges, and it is essential for both buyers and sellers to be informed about the current rates to avoid any surprises during the transaction.

Frequently asked questions

What is the current guideline value of K.K.Thazhai Main Rd ( Ward No.2 )?

The current guideline value of K.K.Thazhai Main Rd ( Ward No.2 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,200 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, reflecting a +33% increase. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

What is the classification of K.K.Thazhai Main Rd ( Ward No.2 )?

K.K.Thazhai Main Rd ( Ward No.2 ) is classified as Residential Class II Type - I under the guideline value register.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registrations in the area.

How is stamp duty calculated for properties in K.K.Thazhai Main Rd ( Ward No.2 )?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,600 per sq.ft would incur a total guideline value of Rs 16,00,000, leading to a stamp duty of Rs 1,12,000.