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Guideline Value

Corporate

Guideline Value for MADHAVARAM HIGH ROAD (STATION TO LAKSHMI AMMAN KOIL)

₹6500/sq.ft.

The guideline value for Madhavaram High Road (station To Lakshmi Amman Koil) in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 6500 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 8% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹6500 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1048 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Madhavaram High Road (station To Lakshmi Amman Koil)

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Madhavaram High Road (Station To Lakshmi Amman Koil) guideline value

The current guideline value of Madhavaram High Road (Station To Lakshmi Amman Koil) is Rs 6,500 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Commercial Special Type - I.

How the guideline value of Madhavaram High Road (Station To Lakshmi Amman Koil) has changed

The guideline value for Madhavaram High Road (Station To Lakshmi Amman Koil) has undergone several revisions over the years. In the 2003 revision, the value was Rs 1,048 per sq.ft, which increased to Rs 1,400 per sq.ft in 2007, marking a significant rise of 34%. The 2012 revision saw a notable increase to Rs 6,000 per sq.ft, reflecting a jump of 329%. However, in the 2017 revision, the value dropped to Rs 4,020 per sq.ft, a decrease of 33%. The 2023 revision brought the value back up to Rs 6,000 per sq.ft, and the latest 2024 revision set it at Rs 6,500 per sq.ft, an increase of 8% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 520%. It is important to note that there is no figure available for this street in the 2002 revision.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Madhavaram High Road (Station To Lakshmi Amman Koil) is above this median.

Stamp duty and registration fee for property in Madhavaram High Road (Station To Lakshmi Amman Koil)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,500 per sq.ft, the total guideline value would be Rs 65,00,000. The stamp duty at 7% would amount to Rs 4,55,000, and the registration fee at 2% would be Rs 1,30,000, bringing the total fees together to Rs 5,85,000. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Madhavaram High Road (Station To Lakshmi Amman Koil)?

The Madhavaram High Road (Station To Lakshmi Amman Koil) falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value serves as a reference for determining the minimum price at which a property can be registered. When buying or selling property in Perambur, the transaction must reflect a value that meets or exceeds the guideline value set for that area.

During the registration process, the stamp duty and registration fees are calculated based on this guideline value. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with the regulations during property transactions.

Frequently asked questions

What is the current guideline value of Madhavaram High Road (Station To Lakshmi Amman Koil)?

The current guideline value of Madhavaram High Road (Station To Lakshmi Amman Koil) is Rs 6,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,048 per sq.ft in 2003 to Rs 6,500 per sq.ft in 2024, reflecting an overall increase of 520% over this period.

What is the land classification for Madhavaram High Road (Station To Lakshmi Amman Koil)?

The land classification for Madhavaram High Road (Station To Lakshmi Amman Koil) is Commercial Special Type - I.

Where can I find the Sub Registrar Office for Madhavaram High Road (Station To Lakshmi Amman Koil)?

The Sub Registrar Office that covers Madhavaram High Road (Station To Lakshmi Amman Koil) is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for property transactions in Madhavaram High Road (Station To Lakshmi Amman Koil)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 65,00,000, the stamp duty would be Rs 4,55,000.