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Guideline Value

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Guideline Value for M.G.R. Nagar Main Road (Ward 30)

₹1300/sq.ft.

The guideline value for M.g.r. Nagar Main Road (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 Main Road (ward 30)

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M.G.R. Nagar Main Road (Ward 30) guideline value

The current guideline value of M.G.R. Nagar Main Road (Ward 30) is Rs 1,300 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 III Type - I.

How the guideline value of M.G.R. Nagar Main Road (Ward 30) has changed

The guideline value for M.G.R. Nagar Main Road (Ward 30) has seen several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,200 per sq.ft, which increased by 8% to Rs 1,300 per sq.ft in the 2024 revision.

This increase reflects the adjustments made in the guideline values as per the latest revision. The current rate of Rs 1,300 per sq.ft is the latest figure available for this street.

Guideline values in Madhavaram

The guideline values for various streets in Madhavaram 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 M.G.R. Nagar Main Road (Ward 30) is below this median.

Stamp duty and registration fee for property in M.G.R. Nagar Main Road (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 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, totaling 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.

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

Which Sub Registrar Office covers M.G.R. Nagar Main Road (Ward 30)?

The M.G.R. Nagar Main Road (Ward 30) is covered by 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 plays a crucial role during property transactions in Madhavaram. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is considered the baseline for calculating the applicable fees. Therefore, it is essential to refer to the latest figures to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of M.G.R. Nagar Main Road (Ward 30)?

The current guideline value of M.G.R. Nagar Main Road (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 for M.G.R. Nagar Main Road (Ward 30) has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, reflecting an increase of 8%. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for M.G.R. Nagar Main Road (Ward 30)?

The land classification for M.G.R. Nagar Main Road (Ward 30) is Residential Class III Type - I. This classification indicates the type of development permitted in the area.

What are the stamp duty and registration fees for properties in M.G.R. Nagar Main Road (Ward 30)?

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

Which Sub Registrar Office covers this area?

The Madhavaram Sub Registrar Office covers M.G.R. Nagar Main Road (Ward 30). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.