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Guideline Value

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Guideline Value for Kamban Nagar Tamarai St (Ward-08)

₹1300/sq.ft.

The guideline value for Kamban Nagar Tamarai St (ward-08) 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 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 Kamban Nagar Tamarai St (ward-08)

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Kamban Nagar Tamarai St (Ward-08) guideline value

The current guideline value of Kamban Nagar Tamarai St (Ward-08) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Kamban Nagar Tamarai St (Ward-08) has changed

The guideline value for Kamban Nagar Tamarai St (Ward-08) has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, an increase of 8% from Rs 1,200 per sq.ft in the 2023 revision. Prior to that, the value remained unchanged at Rs 1,200 per sq.ft from the 2012 revision until 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of the 2024 revision. The median guideline value in the village is Rs 1,600 per sq.ft, making Kamban Nagar Tamarai St (Ward-08) below this median.

Stamp duty and registration fee for property in Kamban Nagar Tamarai St (Ward-08)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value is Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kamban Nagar Tamarai St (Ward-08)?

The Sub Registrar Office that covers Kamban Nagar Tamarai St (Ward-08) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Kamban Nagar Tamarai St (Ward-08)?

The current guideline value of Kamban Nagar Tamarai St (Ward-08) 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 seen an increase from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, marking an 8% rise. From 2012 to 2024, the overall increase is also 8%.

Are there any years without guideline value figures for this street?

Yes, the register does not have figures for the years 2002, 2003, 2007, and 2017 for Kamban Nagar Tamarai St (Ward-08).

What is the stamp duty rate for properties in Kamban Nagar Tamarai St (Ward-08)?

The stamp duty rate for properties in Kamban Nagar Tamarai St (Ward-08) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamban Nagar Tamarai St (Ward-08)?

The Sub Registrar Office for Kamban Nagar Tamarai St (Ward-08) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information about your SRO through the provided link.