Guideline Value for MADHAVAN ROAD / NAGAR

Madhavan Road / Nagar guideline value

The current guideline value of Madhavan Road / Nagar is Rs 702 per sq.ft, effective from 1 July 2024. This street is located in Ponneri_2 village under the Ponneri SRO and is classified as Residential Class I Type - I.

How the guideline value of Madhavan Road / Nagar has changed

The guideline value for Madhavan Road / Nagar has undergone several revisions over the years. The latest revision in 2024 set the value at Rs 702 per sq.ft, which is an increase from the 2023 revision of Rs 700 per sq.ft. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, the change in guideline value was +0%. The absence of figures in previous years indicates that the guideline value for Madhavan Road / Nagar has remained relatively stable in recent times.

Guideline values in Ponneri_2

Ponneri_2 village has a total of 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Madhavan Road / Nagar is above this median, reflecting its position within the village.

• Madhina Palli Vasal: Rs 1,200 per sq.ft (2024)
• Lucky Star City: Rs 700 per sq.ft (2024)
• Lakshmi Nagar: Rs 700 per sq.ft (2024)
• Lakshmi Amman Kovil Street: Rs 700 per sq.ft (2024)
• Masque St: Rs 700 per sq.ft (2024)
• Kulakkarai Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Madhavan Road / Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 702 per sq.ft, the total guideline value amounts to Rs 7,02,000. The stamp duty at 7% would be Rs 49,140, while the registration fee at 2% would be Rs 14,040, bringing the total fees to Rs 63,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Madhavan Road / Nagar?

The Madhavan Road / Nagar area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for additional information.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial factor in the registration process when buying or selling property in Ponneri_2. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value for Madhavan Road / Nagar?

The current guideline value for Madhavan Road / Nagar is Rs 702 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Madhavan Road / Nagar has seen revisions in 2023 and 2024, with the value increasing from Rs 700 per sq.ft in 2023 to Rs 702 per sq.ft in 2024. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Madhavan Road / Nagar?

Madhavan Road / Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 63,180 based on the current guideline value.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the Madhavan Road / Nagar area.