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Guideline Value

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Guideline Value for Kolkatta Shop Road ( Ward No.13 )

₹1600/sq.ft.

The guideline value for Kolkatta Shop Road ( Ward No.13 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /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 ₹1500 /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 Kolkatta Shop Road ( Ward No.13 )

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Kolkatta Shop Road ( Ward No.13 ) guideline value

The current guideline value of Kolkatta Shop Road ( Ward No.13 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kolkatta Shop Road ( Ward No.13 ) has changed

Since the 2002 revision, the guideline value register has no figures for Kolkatta Shop Road for the years 2003, 2007, 2017, and 2023. The 2012 revision set the guideline value at Rs 1,500 per sq.ft, which was a notable figure at that time.

With the 2024 revision, the guideline value increased to Rs 1,600 per sq.ft, reflecting a change of +7% from the 2012 figure. This increase aligns with the median guideline value of Rs 1,600 per sq.ft for streets in Madhavaram as of 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value is Rs 1,600 per sq.ft, which is the same as the current guideline value for Kolkatta Shop Road ( Ward No.13 ).

Stamp duty and registration fee for property in Kolkatta Shop Road ( Ward No.13 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kolkatta Shop Road ( Ward No.13 )?

The Sub Registrar Office covering Kolkatta Shop Road ( Ward No.13 ) 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 in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Madhavaram, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is important to note that the guideline value serves as a benchmark for property transactions, ensuring that the registration process is transparent and standardized. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kolkatta Shop Road ( Ward No.13 )?

The current guideline value of Kolkatta Shop Road ( Ward No.13 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kolkatta Shop Road has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, marking a 7% increase. There are no figures available for the years 2003, 2007, 2017, and 2023.

What is the land classification for Kolkatta Shop Road?

Kolkatta Shop Road is classified as Residential Class II Type - I. This classification is important for understanding the permitted uses of the land.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 at 7%.