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Guideline Value

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Guideline Value for Kamaraj 3rd Cross st ( Ward No.23 )

₹1600/sq.ft.

The guideline value for Kamaraj 3rd Cross St ( Ward No.23 ) 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 ₹1005 /sq.ft.
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 Kamaraj 3rd Cross St ( Ward No.23 )

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Kamaraj 3rd Cross st ( Ward No.23 ) guideline value

The current guideline value of Kamaraj 3rd 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 3rd Cross st ( Ward No.23 ) has changed

The guideline value for Kamaraj 3rd Cross st has seen several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 1,200 per sq.ft. This increased to Rs 1,005 per sq.ft in 2017, reflecting a decrease of 16%. However, from 2017 to the 2024 revision, the value rose significantly to Rs 1,600 per sq.ft, marking an increase of 59%. Overall, from 2012 to 2024, the guideline value has increased by 33%.

It is important to note that there are no figures available for the years 2023, 2007, 2003, and 2002 in the register for this street.

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 for these streets is Rs 1,600 per sq.ft, which is equal to the 2024 guideline value for Kamaraj 3rd Cross st.

Stamp duty and registration fee for property in Kamaraj 3rd Cross st ( Ward No.23 )

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

Which Sub Registrar Office covers Kamaraj 3rd Cross st ( Ward No.23 )?

The Kamaraj 3rd 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 during the registration process when buying or selling property in Madhavaram. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property transaction occurs, the guideline value ensures that the government receives appropriate revenue based on the property's value. Buyers and sellers must be aware of the guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Kamaraj 3rd Cross st?

The current guideline value of Kamaraj 3rd 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 1,200 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then rising to Rs 1,600 per sq.ft in 2024. This represents a decrease from 2012 to 2017, followed by a significant increase to 2024.

What is the land classification of Kamaraj 3rd Cross st?

Kamaraj 3rd Cross st ( Ward No.23 ) is classified as Residential Class II 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 Kamaraj 3rd Cross st?

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 the guideline value of Rs 1,600 per sq.ft would result in a total guideline value of Rs 16,00,000.