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Guideline value, street

Guideline Value for Lakshmi Narayana Perumal Koil St ( Ward No.28 )

₹1300/sq.ft.effective 1 July 2024

Chennai zone Madhavaram village Madhavaram SRO Residential Class Iii Type - I

The guideline value for Lakshmi Narayana Perumal Koil St ( Ward No.28 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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 Lakshmi Narayana Perumal Koil St ( Ward No.28 )

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Lakshmi Narayana perumal Koil st ( Ward No.28 ) guideline value

The current guideline value for Lakshmi Narayana perumal Koil st ( Ward No.28 ) is Rs 1,300 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 III Type - I.

How the guideline value of Lakshmi Narayana perumal Koil st ( Ward No.28 ) has changed

Over the years, the guideline value for Lakshmi Narayana perumal Koil st has seen several revisions. The 2012 revision set the guideline value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. However, the most recent 2024 revision has increased the value to Rs 1,300 per sq.ft, marking a significant increase of 62% from the 2017 figure. Overall, from the 2012 revision to the 2024 revision, there has been a slight increase of 8%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for this street. The changes in guideline value reflect the adjustments made by the authorities based on various factors, but the specific reasons for these changes are not detailed in the register.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value. The 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 for Lakshmi Narayana perumal Koil st is below this median.

Stamp duty and registration fee for property in Lakshmi Narayana perumal Koil st ( Ward No.28 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees together to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmi Narayana perumal Koil st ( Ward No.28 )?

The Sub Registrar Office that covers Lakshmi Narayana perumal Koil st ( Ward No.28 ) 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 when buying or selling property in Madhavaram. It serves as the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer and seller must refer to the guideline value to determine the applicable fees. The registration process will require payment of stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Lakshmi Narayana perumal Koil st?

The current guideline value of Lakshmi Narayana perumal Koil st ( Ward No.28 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,300 per sq.ft in 2024. This represents a 62% increase from 2017 to 2024 and an overall increase of 8% from 2012 to 2024.

What are the other streets in Madhavaram with similar guideline values?

Other streets in Madhavaram with a guideline value of Rs 1,300 per sq.ft in 2024 include Lakshmi Narayan Annex, Lakshmi Narayana Avenue (Ward-29), Lakshmi Narayana Avenue (Ward-26), and Lakshmi Nagar, Ponniammanmedu (Ward-24).

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 13,00,000, the total stamp duty and registration fees would amount to Rs 1,17,000.

Which office handles property registrations for Lakshmi Narayana perumal Koil st?

The Madhavaram Sub Registrar Office handles property registrations for Lakshmi Narayana perumal Koil st ( Ward No.28 ). The office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.