Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for MRH Road (Ward-10)

₹3000/sq.ft.

The guideline value for Mrh Road (ward-10) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 3000 per sq.ft, effective 1 July 2024. It was Rs 2800 per sq.ft from 1 April 2023, a 7% change. 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 ₹2800 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 Mrh Road (ward-10)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

MRH Road (Ward-10) guideline value

The current guideline value of MRH Road (Ward-10) is Rs 3,000 per sq.ft, effective from 1 July 2024. This road is located in Madhavaram village, under the Madhavaram SRO, and is classified as Commercial Class I Type - II.

How the guideline value of MRH Road (Ward-10) has changed

The guideline value for MRH Road (Ward-10) has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 3,000 per sq.ft, an increase of 7% from the 2023 revision, which was Rs 2,800 per sq.ft. The 2012 revision also recorded a value of Rs 2,800 per sq.ft, indicating no change from that year to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from 2012 to 2024, the guideline value increased by 7%. This shows a steady rise in the value assigned to this street over the years, reflecting the current rate of Rs 3,000 per sq.ft in 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with a 2024 guideline value 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, placing MRH Road (Ward-10) above this median at Rs 3,000 per sq.ft.

Stamp duty and registration fee for property in MRH Road (Ward-10)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value would be Rs 30,00,000. The stamp duty at 7% would amount to Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total to Rs 2,70,000. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations based on your property.

Which Sub Registrar Office covers MRH Road (Ward-10)?

The Sub Registrar Office that covers MRH Road (Ward-10) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of MRH Road (Ward-10)?

The current guideline value of MRH Road (Ward-10) 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 seen a 7% increase from Rs 2,800 per sq.ft in 2023 to Rs 3,000 per sq.ft in 2024. From 2012 to 2024, there has been an overall increase of 7% as well.

What is the land classification for MRH Road (Ward-10)?

MRH Road (Ward-10) is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for MRH Road (Ward-10)?

The Madhavaram Sub Registrar Office covers MRH Road (Ward-10) and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in MRH Road (Ward-10)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 30,00,000 would incur a stamp duty of Rs 2,10,000 at a rate of 7%.