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Guideline Value

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Guideline Value for Kasthuri 3rd Street (Lakshmipuram) ( Ward No.26 )

₹2200/sq.ft.

The guideline value for Kasthuri 3rd 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 3rd Street (lakshmipuram) ( Ward No.26 )

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Kasthuri 3rd Street (Lakshmipuram) ( Ward No.26 ) guideline value

The current guideline value of Kasthuri 3rd 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 3rd Street (Lakshmipuram) ( Ward No.26 ) has changed

The guideline value for Kasthuri 3rd Street (Lakshmipuram) has seen significant changes over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which was a notable increase from earlier revisions. However, there are no figures available for the years 2023, 2012, 2007, 2003, and 2002. The latest revision in 2024 raised the guideline value to Rs 2,200 per sq.ft, marking an increase of 64% from the 2017 figure.

This substantial rise reflects the changes in the real estate landscape in the area. The current value of Rs 2,200 per sq.ft is significantly higher than the previous figures, indicating a shift in the valuation of properties in this locality.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a guideline value for 2024, ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing Kasthuri 3rd Street's 2024 figure above this median.

Stamp duty and registration fee for property in Kasthuri 3rd 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 amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. 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 detailed calculations.

Which Sub Registrar Office covers Kasthuri 3rd Street (Lakshmipuram) ( Ward No.26 )?

The Sub Registrar Office that covers Kasthuri 3rd 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 is a critical figure used during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Kasthuri 3rd Street (Lakshmipuram) ( Ward No.26 )?

The current guideline value of Kasthuri 3rd Street (Lakshmipuram) ( Ward No.26 ) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an increase of 64%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002.

What is the land classification for Kasthuri 3rd Street (Lakshmipuram) ( Ward No.26 )?

The land classification for Kasthuri 3rd Street (Lakshmipuram) ( Ward No.26 ) is Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Kasthuri 3rd Street (Lakshmipuram) ( Ward No.26 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.