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Guideline Value

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Guideline Value for Kasthuri 1st Street (Lakshmipuram) ( Ward No.26 )

₹2200/sq.ft.

The guideline value for Kasthuri 1st Street (lakshmipuram) ( Ward No.26 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /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 Kasthuri 1st Street (lakshmipuram) ( Ward No.26 )

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Kasthuri 1st Street (Lakshmipuram) ( Ward No.26 ) guideline value

The current guideline value of Kasthuri 1st Street (Lakshmipuram) ( Ward No.26 ) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kasthuri 1st Street (Lakshmipuram) ( Ward No.26 ) has changed

The guideline value for Kasthuri 1st Street (Lakshmipuram) has seen significant changes over the years. In the 2017 revision, the value was Rs 1,340 per sq.ft. This figure increased to Rs 2,200 per sq.ft in the 2024 revision, marking a change of +64% from the previous revision.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available figures are from 2017 and 2024.

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 value for these streets is Rs 1,600 per sq.ft, which means that the guideline value for Kasthuri 1st Street (Lakshmipuram) is above this median.

Stamp duty and registration fee for property in Kasthuri 1st Street (Lakshmipuram) ( Ward No.26 )

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasthuri 1st Street (Lakshmipuram) ( Ward No.26 )?

The Sub Registrar Office that covers Kasthuri 1st Street (Lakshmipuram) ( Ward No.26 ) 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 plays a crucial role in property transactions in Madhavaram. It is used as a benchmark for calculating the stamp duty and registration fees during the registration of property transactions. Buyers and sellers should be aware that the guideline value may influence the overall cost of property ownership.

When registering a property, the guideline value or the sale price, whichever is higher, is considered for calculating applicable duties and fees. This ensures that the transaction is aligned with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Kasthuri 1st Street (Lakshmipuram)?

The current guideline value of Kasthuri 1st Street (Lakshmipuram) ( Ward No.26 ) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in the 2024 revision, representing a change of +64%.

Are there any revisions without figures for Kasthuri 1st Street?

Yes, the register has no figures for Kasthuri 1st Street in the revisions for the years 2023, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Madhavaram?

Other streets in Madhavaram under the Madhavaram SRO have varying guideline values. For example, Kasthuri 2nd, 3rd, 4th, and 5th Streets all have a guideline value of Rs 2,200 per sq.ft as of 2024.

Where can I find the Sub Registrar Office for Kasthuri 1st Street?

The Sub Registrar Office for Kasthuri 1st Street (Lakshmipuram) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.