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Guideline Value

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Guideline Value for M.G.R. Nagar 8th Street (Ward 30)

₹1300/sq.ft.

The guideline value for M.g.r. Nagar 8th Street (ward 30) 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.g.r. Nagar 8th Street (ward 30)

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M.G.R. Nagar 8th Street (Ward 30) guideline value

The current guideline value of M.G.R. Nagar 8th Street (Ward 30) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of M.G.R. Nagar 8th Street (Ward 30) has changed

The guideline value for M.G.R. Nagar 8th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, which is an increase of 8% from the 2023 figure of Rs 1,200 per sq.ft. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the guideline value for this street had not been recorded in the register for the years mentioned. Therefore, the only available figures are from 2023 and 2024, marking a clear upward movement in the guideline value.

Guideline values in Madhavaram

Madhavaram village features a range of guideline values across its 1,946 streets, with figures for 2024 varying from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in the village is Rs 1,600 per sq.ft, positioning M.G.R. Nagar 8th Street's 2024 figure below this median.

Stamp duty and registration fee for property in M.G.R. Nagar 8th Street (Ward 30)

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

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers M.G.R. Nagar 8th Street (Ward 30)?

The M.G.R. Nagar 8th Street (Ward 30) falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Madhavaram. It determines the minimum value at which the property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of M.G.R. Nagar 8th Street?

The current guideline value of M.G.R. Nagar 8th Street (Ward 30) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, marking an 8% increase. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Madhavaram?

Other streets in Madhavaram have varying guideline values, with M.G.R. Nagar 7th Street, 7th Cross Street, 6th Street, 6th Cross Street, and M.G.R. Nagar Main Road all having a guideline value of Rs 1,300 per sq.ft in 2024.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 1,300 per sq.ft, the total fees amount to Rs 1,17,000.

Where can I find the Sub Registrar Office for M.G.R. Nagar 8th Street?

The Madhavaram Sub Registrar Office covers M.G.R. Nagar 8th Street and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can also find your SRO online.