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Guideline Value

Corporate

Guideline Value for MADURAM NAGAR EXTN.

₹1650/sq.ft.

The guideline value for Maduram Nagar Extn. in Kolathuvancheri village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathuvancheri

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Maduram Nagar Extn.

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Maduram Nagar Extn. guideline value

The current guideline value for Maduram Nagar Extn. in Kolathuvancheri village is Rs 1,650 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Maduram Nagar Extn. has changed

The guideline value for Maduram Nagar Extn. has seen several revisions over the years. In 2007, the value was set at Rs 500 per sq.ft, which significantly increased to Rs 1,500 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, reflecting a decline of 33%. The value continued to rise, reaching Rs 1,500 per sq.ft in 2023, before increasing to Rs 1,650 per sq.ft in 2024, which is a 10% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 230%.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. The 2024 revision of Rs 1,650 per sq.ft aligns with the median guideline value of Rs 1,650 per sq.ft for the 146 streets in Kolathuvancheri under the Chennai South Joint I SRO.

Guideline values in Kolathuvancheri

In Kolathuvancheri, the guideline values range from Rs 660 to Rs 4,600 per sq.ft, with the median value being Rs 1,650 per sq.ft. The guideline value for Maduram Nagar Extn. matches this median value. Below are other streets in Kolathuvancheri with their respective 2024 guideline values:

Stamp duty and registration fee for property in Maduram Nagar Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Maduram Nagar Extn.?

The Sub Registrar Office that covers Maduram Nagar Extn. is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Kolathuvancheri. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the transaction is in compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value is updated periodically, reflecting changes in the real estate market, and it is advisable to check the latest figures before proceeding with any transactions.

Frequently asked questions

What is the current guideline value for Maduram Nagar Extn.?

The current guideline value for Maduram Nagar Extn. is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What are the other streets in Kolathuvancheri with similar guideline values?

Other streets in Kolathuvancheri with a guideline value of Rs 1,650 per sq.ft include Maduram Nagar 5th Street, Maduram Nagar 4th Street, Maduram Nagar 3rd Street, and Maduram Nagar 2nd Street.

What are the stamp duty and registration fees for property in Maduram Nagar Extn.?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Maduram Nagar Extn. is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find more information online.