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Guideline Value

Corporate

Guideline Value for Kamarajar Street (Ward-8)

₹1600/sq.ft.

The guideline value for Kamarajar Street (ward-8) 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 ₹1005 /sq.ft.
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 Kamarajar Street (ward-8)

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Kamarajar Street (Ward-8) guideline value

The current guideline value of Kamarajar Street (Ward-8) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Kamarajar Street (Ward-8) has changed

The guideline value for Kamarajar Street (Ward-8) has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. The latest revision in 2024 has set the guideline value at Rs 1,600 per sq.ft, marking a 7% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 59%.

It is important to note that there are no recorded figures for Kamarajar Street (Ward-8) in the revisions from 2002, 2003, 2007, and 2012.

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 guideline value in the village is Rs 1,600 per sq.ft, which is equal to the current value of Kamarajar Street (Ward-8).

Stamp duty and registration fee for property in Kamarajar Street (Ward-8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, resulting in a total of Rs 1,44,000. 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 Kamarajar Street (Ward-8)?

The Sub Registrar Office that covers Kamarajar Street (Ward-8) 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 the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that transactions are conducted at a fair value as per government regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs that buyers must consider. This ensures transparency and helps in maintaining a standardized approach to property transactions in the region.

Frequently asked questions

What is the current guideline value of Kamarajar Street (Ward-8)?

The current guideline value of Kamarajar Street (Ward-8) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 59%, from Rs 1,005 per sq.ft to Rs 1,600 per sq.ft in 2024.

What is the stamp duty rate for property in Kamarajar Street (Ward-8)?

The stamp duty rate for property transactions in Kamarajar Street (Ward-8) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamarajar Street (Ward-8)?

The Sub Registrar Office for Kamarajar Street (Ward-8) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the guideline values for other streets in Madhavaram?

Other streets in Madhavaram have a guideline value of Rs 1,600 per sq.ft as well, including Kamarajar Street (Ward-25), Kamarajar st (Ward No.29), Kamarajar Street (Ward-16), Kamarajar Street (Ward-1), Kamaraj Nagar, and Kamarajar St, Lakshmipuram (Ward-25).