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Guideline Value

Corporate

Guideline Value for Kasthuri St, Lakshmipuram (Ward-26)

₹2200/sq.ft.

The guideline value for Kasthuri St, Lakshmipuram (ward-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 N/A
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 St, Lakshmipuram (ward-26)

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Kasthuri St, Lakshmipuram (Ward-26) guideline value

The current guideline value of Kasthuri St, Lakshmipuram (Ward-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 St, Lakshmipuram (Ward-26) has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This was an increase of 10% from the previous figure, which is not available for this street in the register. The most recent revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, marking a further increase of 10% from the 2012 figure.

There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street. Therefore, the changes in guideline value are only noted between the 2012 and 2024 revisions.

Guideline values in Madhavaram

The guideline values in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft as per the 2024 revision, with a median value of Rs 1,600 per sq.ft. The guideline value of Rs 2,200 per sq.ft for Kasthuri St, Lakshmipuram is above this median.

Stamp duty and registration fee for property in Kasthuri St, Lakshmipuram (Ward-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, while the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration fee would be Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasthuri St, Lakshmipuram (Ward-26)?

The Sub Registrar Office that covers Kasthuri St, Lakshmipuram (Ward-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 crucial factor during the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value helps in assessing the minimum value at which the property can be registered. This ensures transparency in property transactions and helps the government in collecting the appropriate revenue from the sale.

Frequently asked questions

What is the current guideline value of Kasthuri St, Lakshmipuram?

The current guideline value of Kasthuri St, Lakshmipuram (Ward-26) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Kasthuri St, Lakshmipuram?

The land classification for Kasthuri St, Lakshmipuram is Residential Class I Type - I. This classification indicates the type of residential development permitted in the area.

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.

Which office handles the registration for Kasthuri St, Lakshmipuram?

The Madhavaram Sub Registrar Office handles the registration for properties on Kasthuri St, Lakshmipuram. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.