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Guideline Value

Corporate

Guideline Value for Kamaraj 1st Cross st ( Ward No.23 )

₹1600/sq.ft.

The guideline value for Kamaraj 1st Cross St ( Ward No.23 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. 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 ₹1500 /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 Kamaraj 1st Cross St ( Ward No.23 )

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Kamaraj 1st Cross st ( Ward No.23 ) guideline value

The current guideline value of Kamaraj 1st Cross st ( Ward No.23 ) is Rs 1,600 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 II Type - I.

How the guideline value of Kamaraj 1st Cross st ( Ward No.23 ) has changed

The guideline value for Kamaraj 1st Cross st has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 1,500 per sq.ft, which was then increased to Rs 1,600 per sq.ft in the 2024 revision, reflecting a change of +7%.

In summary, the guideline value has increased from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024. This current rate matches the median guideline value for other streets in Madhavaram, which ranges from Rs 1,300 to Rs 7,500 per sq.ft.

Guideline values in Madhavaram

Madhavaram village features a range of guideline values across its 1,946 streets, with the median value being Rs 1,600 per sq.ft. Kamaraj 1st Cross st's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Kamaraj 1st Cross st ( Ward No.23 )

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the 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, totaling Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj 1st Cross st ( Ward No.23 )?

The Kamaraj 1st Cross st ( Ward No.23 ) is covered by 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 in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When purchasing property in Madhavaram, the guideline value influences the calculation of stamp duty and registration fees, which are essential costs in the buying process. Understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Kamaraj 1st Cross st ( Ward No.23 )?

The current guideline value of Kamaraj 1st Cross st ( Ward No.23 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, marking an increase of +7%. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Kamaraj 1st Cross st?

Kamaraj 1st Cross st is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Kamaraj 1st Cross st?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

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