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Guideline Value

Corporate

Guideline Value for Kamban Nagar Main Road (Ward 8)

₹1300/sq.ft.

The guideline value for Kamban Nagar Main Road (ward 8) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. 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 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /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 Kamban Nagar Main Road (ward 8)

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Kamban Nagar Main Road (Ward 8) guideline value

The current guideline value of Kamban Nagar Main Road (Ward 8) is Rs 1,300 per sq.ft, effective from 1 July 2024. This road is located in Madhavaram village and falls under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Kamban Nagar Main Road (Ward 8) has changed

The guideline value for Kamban Nagar Main Road has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The value then increased to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 shows an increase of 8% in the guideline value.

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, indicating that Kamban Nagar Main Road's current figure is below this median.

Stamp duty and registration fee for property in Kamban Nagar Main Road (Ward 8)

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 fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamban Nagar Main Road (Ward 8)?

The Sub Registrar Office that covers Kamban Nagar Main Road (Ward 8) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value plays a crucial role during property registration in Madhavaram. It is used to determine the stamp duty and registration fees that need to be paid when a property transaction occurs. Buyers and sellers should be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When buying or selling property, the guideline value is compared against the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Kamban Nagar Main Road (Ward 8)?

The current guideline value of Kamban Nagar Main Road (Ward 8) 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 804 per sq.ft in 2017, then up to Rs 1,200 per sq.ft in 2023, and currently to Rs 1,300 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, and 2007 for this street.

What is the stamp duty for properties in Kamban Nagar Main Road (Ward 8)?

The stamp duty for properties in Kamban Nagar Main Road (Ward 8) is 7% of the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 13,00,000 would incur a stamp duty of Rs 91,000.

Which office handles registrations for Kamban Nagar Main Road (Ward 8)?

The Madhavaram Sub Registrar Office handles registrations for Kamban Nagar Main Road (Ward 8). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

Where can I find more information about the guideline values in Madhavaram?

For more information about the guideline values in Madhavaram, you can refer to the official guideline value register maintained by the Registration Department. This register provides detailed figures for various streets, including Kamban Nagar Main Road.