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Guideline Value

Corporate

Guideline Value for MRH Road (Ward-14)

₹3000/sq.ft.

The guideline value for Mrh Road (ward-14) 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-14)

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MRH Road (Ward-14) guideline value

The current guideline value of MRH Road (Ward-14) 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-14) has changed

The guideline value for MRH Road (Ward-14) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,000 per sq.ft, which is an increase of 7% from Rs 2,800 per sq.ft in the 2023 revision. The 2023 figure remained unchanged from the 2012 revision, which also listed the value at Rs 2,800 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 7%. This consistent rise reflects the current valuation trends in the area, with the latest figure placing MRH Road (Ward-14) above the median guideline value for streets in Madhavaram.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for the village is Rs 1,600 per sq.ft, making the 2024 figure for MRH Road (Ward-14) notably higher than this median.

Stamp duty and registration fee for property in MRH Road (Ward-14)

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, while the registration fee at 2% would be Rs 60,000, bringing the total fees to Rs 2,70,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers MRH Road (Ward-14)?

The MRH Road (Ward-14) is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Madhavaram. It determines the minimum value at which properties must be registered, ensuring that the sale price reflects the market conditions as per the state's regulations.

When a property transaction occurs, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of MRH Road (Ward-14)?

The current guideline value of MRH Road (Ward-14) 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 increased from Rs 2,800 per sq.ft in 2023 to Rs 3,000 per sq.ft in 2024, marking a 7% increase. From 2012 to 2024, the overall increase is also 7%.

What is the land classification for MRH Road (Ward-14)?

MRH Road (Ward-14) 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-14)?

The Madhavaram Sub Registrar Office, which covers MRH Road (Ward-14), is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How are stamp duty and registration fees calculated for properties in Madhavaram?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 30,00,000, the total fees would amount to Rs 2,70,000, including stamp duty and registration fees.