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Guideline Value

Corporate

Guideline Value for M.M.D.A. Truck Terminal ( Ward No.11 )

₹3000/sq.ft.

The guideline value for M.m.d.a. Truck Terminal ( Ward No.11 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 3000 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3000 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1876 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2800 /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 M.m.d.a. Truck Terminal ( Ward No.11 )

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M.M.D.A. Truck Terminal ( Ward No.11 ) guideline value

The current guideline value of M.M.D.A. Truck Terminal ( Ward No.11 ) is Rs 3,000 per sq.ft, effective from 1 July 2024. This property is located in Madhavaram village, under the Madhavaram SRO, and is classified as Commercial Class I Type - II.

How the guideline value of M.M.D.A. Truck Terminal ( Ward No.11 ) has changed

Since the 2012 revision, the guideline value for M.M.D.A. Truck Terminal ( Ward No.11 ) has seen several changes. The 2012 revision set the value at Rs 2,800 per sq.ft, which decreased to Rs 1,876 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the value increased significantly by 60%, bringing it to the current rate of Rs 3,000 per sq.ft.

There are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%.

Guideline values in Madhavaram

The guideline values in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft as of 2024, with a median value of Rs 1,600 per sq.ft. The guideline value for M.M.D.A. Truck Terminal ( Ward No.11 ) is above this median.

Stamp duty and registration fee for property in M.M.D.A. Truck Terminal ( Ward No.11 )

For a 1,000 sq.ft plot at the current rate of Rs 3,000 per sq.ft, the guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, totaling Rs 2,70,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers M.M.D.A. Truck Terminal ( Ward No.11 )?

The M.M.D.A. Truck Terminal ( Ward No.11 ) is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented accurately.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of M.M.D.A. Truck Terminal ( Ward No.11 )?

The current guideline value of M.M.D.A. Truck Terminal ( Ward No.11 ) is Rs 3,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, and then increased to Rs 3,000 per sq.ft in 2024. This represents a decline of 33% from 2012 to 2017, followed by a 60% increase from 2017 to 2024.

What are the guideline values for other streets in Madhavaram?

Other streets in Madhavaram have guideline values ranging from Rs 1,300 to Rs 1,600 per sq.ft as of 2024. M.M.D.A. Truck Terminal ( Ward No.11 ) has a higher value of Rs 3,000 per sq.ft.

What is the stamp duty rate for property in M.M.D.A. Truck Terminal ( Ward No.11 )?

The stamp duty rate for property in M.M.D.A. Truck Terminal ( Ward No.11 ) is 7% of the guideline value or sale price, whichever is higher. For example, on a property valued at Rs 30,00,000, the stamp duty would be Rs 2,10,000.

Where is the Madhavaram Sub Registrar Office located?

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.