Guideline Value

Corporate

Guideline Value for M.P. Vedha Street

₹1300/sq.ft.

The guideline value for M.p. Vedha Street 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:

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 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 M.p. Vedha Street

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M.P. Vedha Street guideline value

The current guideline value of M.P. Vedha Street 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.P. Vedha Street has changed

The guideline value for M.P. Vedha Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. The most recent revision in 2024 has increased the guideline value to Rs 1,300 per sq.ft, marking a significant increase of 62% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has seen 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 M.P. Vedha Street. This lack of data indicates that the street's guideline value remained unchanged during those revisions.

Guideline values in Madhavaram

As of the 2024 revision, there are 1,946 streets in Madhavaram under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, positioning M.P. Vedha Street's current value below this median.

Stamp duty and registration fee for property in M.P. Vedha Street

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, while the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to 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.P. Vedha Street?

The Sub Registrar Office that covers M.P. Vedha Street is 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 plays a crucial role in property transactions in Madhavaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are based on a standardized valuation rather than fluctuating market prices.

During the registration process, buyers and sellers must ensure that the property is registered at or above the guideline value to comply with legal requirements. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of M.P. Vedha Street?

The current guideline value of M.P. Vedha Street 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 reflects a 62% increase from the 2017 figure and an overall increase of 8% from 2012 to 2024.

What are the other streets in Madhavaram and their guideline values?

Other streets in Madhavaram have varying guideline values, with M.P. Vedhachalam Street at Rs 1,600 per sq.ft, M.R.H. Road at Rs 3,300 per sq.ft, and MRH Road (Ward-10) at Rs 3,000 per sq.ft, among others.

What is the stamp duty rate for properties in M.P. Vedha Street?

The stamp duty rate for properties in M.P. Vedha Street is 7% of the guideline value or sale price, whichever is higher. This is applicable during the registration process.

Where can I find the Sub Registrar Office for M.P. Vedha Street?

The Sub Registrar Office for M.P. Vedha Street is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.