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Guideline Value

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Guideline Value for Kasthuri 5th Street (Lakshmipuram) ( Ward No.26 )

₹2200/sq.ft.

The guideline value for Kasthuri 5th 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 ₹2000 /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 Kasthuri 5th Street (lakshmipuram) ( Ward No.26 )

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Kasthuri 5th Street (Lakshmipuram) ( Ward No.26 ) guideline value

The current guideline value of Kasthuri 5th 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, classified as Residential Class I Type - I.

How the guideline value of Kasthuri 5th Street (Lakshmipuram) ( Ward No.26 ) has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent 2024 revision has seen an increase to Rs 2,200 per sq.ft, which is a 64% rise from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street.

Guideline values in Madhavaram

In Madhavaram, the guideline values range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Rs 2,200 per sq.ft for Kasthuri 5th Street is above this median.

Stamp duty and registration fee for property in Kasthuri 5th 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, bringing the total fees to Rs 1,98,000. 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 Kasthuri 5th Street (Lakshmipuram) ( Ward No.26 )?

The Sub Registrar Office that covers Kasthuri 5th 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 an essential factor in the registration of property transactions in Madhavaram. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kasthuri 5th Street (Lakshmipuram) ( Ward No.26 )?

The current guideline value of Kasthuri 5th Street (Lakshmipuram) (Ward No.26) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen fluctuations, starting at Rs 2,000 per sq.ft, dropping to Rs 1,340 per sq.ft in 2017, and rising again to Rs 2,200 per sq.ft in 2024.

What is the land classification for Kasthuri 5th Street (Lakshmipuram) ( Ward No.26 )?

Kasthuri 5th Street (Lakshmipuram) (Ward No.26) is classified as Residential Class I Type - I.

Which Sub Registrar Office should I visit for property transactions in this area?

The Madhavaram Sub Registrar Office covers Kasthuri 5th Street (Lakshmipuram) (Ward No.26), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property with a guideline value of Rs 22,00,000 would incur stamp duty and registration fees accordingly.