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Guideline Value

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Guideline Value for M.C.Devaraj Nagar 1st st ( Ward No.11 )

₹1300/sq.ft.

The guideline value for M.c.devaraj Nagar 1st St ( Ward No.11 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 M.c.devaraj Nagar 1st St ( Ward No.11 )

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M.C.Devaraj Nagar 1st st ( Ward No.11 ) guideline value

The current guideline value for M.C.Devaraj Nagar 1st st ( Ward No.11 ) 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 M.C.Devaraj Nagar 1st st ( Ward No.11 ) has changed

The guideline value for M.C.Devaraj Nagar 1st st has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, reflecting an increase from Rs 1,200 per sq.ft in the 2023 revision, which represents an 8% change. Prior revisions from the years 2017, 2012, 2007, 2003, and 2002 do not have any figures recorded for this street.

In summary, the guideline value has increased from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, while earlier years do not provide any data for M.C.Devaraj Nagar 1st st. This consistent documentation allows for a clearer understanding of the value changes over time.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median guideline value in this area is Rs 1,600 per sq.ft, indicating that M.C.Devaraj Nagar 1st st's current value is below this median.

Stamp duty and registration fee for property in M.C.Devaraj Nagar 1st st ( Ward No.11 )

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, leading to a total cost of Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers M.C.Devaraj Nagar 1st st ( Ward No.11 )?

The Sub Registrar Office that covers M.C.Devaraj Nagar 1st st ( Ward No.11 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more details, you can find your SRO.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value is a crucial factor in property transactions in Madhavaram, as it determines the minimum value at which properties can be registered. When buying or selling property, the registration office uses this value to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of property transactions. Proper understanding of this value ensures compliance with local regulations and helps in accurate financial planning during property dealings.

Frequently asked questions

What is the current guideline value of M.C.Devaraj Nagar 1st st ( Ward No.11 )?

The current guideline value of M.C.Devaraj Nagar 1st st ( Ward No.11 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, representing an 8% increase.

What is the land classification of M.C.Devaraj Nagar 1st st?

M.C.Devaraj Nagar 1st st is classified as Residential Class III Type - I.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in M.C.Devaraj Nagar 1st st?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at 7%.