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Guideline Value

Corporate

Guideline Value for Kamban st ( Ward No.16 )

₹1300/sq.ft.

The guideline value for Kamban St ( Ward No.16 ) 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 St ( Ward No.16 )

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Kamban st ( Ward No.16 ) guideline value

The current guideline value for Kamban st ( Ward No.16 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Kamban st ( Ward No.16 ) has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged in the 2023 revision. However, the 2024 revision saw an increase to Rs 1,300 per sq.ft, marking an 8% rise from the previous year. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from the 2012 revision to the 2024 revision, there has been an 8% increase in the guideline value. The 2023 to 2024 change reflects a notable shift, while the 2012 to 2023 period showed no change in the guideline value.

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, with a median value of Rs 1,600 per sq.ft. Kamban st ( Ward No.16 )'s current guideline value is below this median.

Stamp duty and registration fee for property in Kamban st ( Ward No.16 )

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 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.

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

Which Sub Registrar Office covers Kamban st ( Ward No.16 )?

The Sub Registrar Office that covers Kamban st ( Ward No.16 ) is 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 property registration as it determines the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions.

When purchasing or selling property in Madhavaram, it is essential to refer to the current guideline value to ensure compliance with local regulations. This value influences the overall cost of the transaction and should be factored into any financial planning related to property dealings.

Frequently asked questions

What is the current guideline value for Kamban st ( Ward No.16 )?

The current guideline value for Kamban st ( Ward No.16 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kamban st ( Ward No.16 ) was Rs 1,200 per sq.ft in 2012 and remained the same in 2023. It increased to Rs 1,300 per sq.ft in the 2024 revision.

What are the stamp duty and registration fees for properties in Kamban st ( Ward No.16 )?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office is responsible for Kamban st ( Ward No.16 )?

The Madhavaram Sub Registrar Office is responsible for Kamban st ( Ward No.16 ), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Kamban st ( Ward No.16 )?

Kamban st ( Ward No.16 ) falls under the Residential Class III Type - I land classification.