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Guideline Value

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Guideline Value for Kamban Nager Lakshmi St (Ward-08)

₹1300/sq.ft.

The guideline value for Kamban Nager Lakshmi 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 Nager Lakshmi St (ward-08)

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Kamban Nager Lakshmi St (Ward-08) guideline value

The current guideline value of Kamban Nager Lakshmi 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 and is classified as Residential Class III Type - I.

How the guideline value of Kamban Nager Lakshmi St (Ward-08) has changed

The guideline value for Kamban Nager Lakshmi St (Ward-08) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, which is an increase of 8% from the 2023 figure of Rs 1,200 per sq.ft. Looking back further, the 2012 revision also recorded Rs 1,200 per sq.ft, indicating no change from 2012 to 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, there has been an increase of 8% in the guideline value. The consistent rate of Rs 1,200 per sq.ft from 2012 to 2023 reflects stability in this period, while the jump to Rs 1,300 in 2024 marks a significant adjustment in the current valuation.

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 2024. The median guideline value in this area is Rs 1,600 per sq.ft, placing Kamban Nager Lakshmi St (Ward-08) below that median value.

Stamp duty and registration fee for property in Kamban Nager Lakshmi 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 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, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator to estimate your fees based on the sale price or guideline value.

Which Sub Registrar Office covers Kamban Nager Lakshmi St (Ward-08)?

The Sub Registrar Office that covers Kamban Nager Lakshmi 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 in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the official rates set by the government.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, contributing to local development and infrastructure.

Frequently asked questions

What is the current guideline value of Kamban Nager Lakshmi St (Ward-08)?

The current guideline value of Kamban Nager Lakshmi 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 increased from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, marking an 8% increase. There was no change in value from 2012 to 2023, with the 2012 figure also being Rs 1,200 per sq.ft.

What are the other streets in Madhavaram with the same guideline value?

Other streets in Madhavaram with the same guideline value of Rs 1,300 per sq.ft as of 2024 include Kamban Nagar (Ward No.29), Kamban Nagar (Ward-08), Kamban st (Ward No.16), Kamban Nagar V.P. Chittan St (Ward-08), and Kamban Nagar Thiruvalluvar St (Ward-08).

How is the stamp duty calculated for properties in Kamban Nager Lakshmi St (Ward-08)?

The stamp duty for properties in Kamban Nager Lakshmi St (Ward-08) is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,300 per sq.ft, the stamp duty would be Rs 91,000.

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

The Sub Registrar Office for Kamban Nager Lakshmi St (Ward-08) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information by visiting the official site.