Guideline Value

Corporate

Guideline Value for Madha Nagar Extension II

₹3960/sq.ft.

The guideline value for Madha Nagar Extension Ii in Madanandapuram village (Kunrathur SRO, Chennai zone) is Rs 3960 per sq.ft, effective 1 July 2024. It was Rs 3600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madanandapuram

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3960 /sq.ft.
From 1-4-2023 ₹3600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2412 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2758 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Madha Nagar Extension Ii

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Madha Nagar Extension II guideline value

The current guideline value of Madha Nagar Extension II is Rs 3,960 per sq.ft, effective from 1 July 2024. This area is located in Madanandapuram village and falls under the Kunrathur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Madha Nagar Extension II has changed

Over the years, the guideline value for Madha Nagar Extension II has seen several revisions. The earliest figure available is from the 2017 revision, which was Rs 2,412 per sq.ft. This increased to Rs 3,600 per sq.ft in the 2023 revision, marking a significant rise of 49%. The 2024 revision has further increased the value by 10% to Rs 3,960 per sq.ft.

Before the 2017 revision, the 2012 revision also recorded a value of Rs 3,600 per sq.ft, while the 2007 revision was Rs 2,758 per sq.ft, reflecting a 31% increase. Overall, from the 2007 revision to the 2024 revision, there has been an increase of 44%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Madanandapuram

Madanandapuram village comprises 94 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,530 to Rs 5,830 per sq.ft in 2024. The median value for these streets is Rs 3,520 per sq.ft, indicating that the guideline value for Madha Nagar Extension II is above this median.

Stamp duty and registration fee for property in Madha Nagar Extension II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value is Rs 39,60,000. The stamp duty at 7% amounts to Rs 2,77,200, while the registration fee at 2% is Rs 79,200. Together, the total cost for stamp duty and registration fee is Rs 3,56,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more calculations.

Which Sub Registrar Office covers Madha Nagar Extension II?

The Sub Registrar Office that covers Madha Nagar Extension II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Madanandapuram. It is the minimum value set by the government for property transactions, ensuring that the property is not sold for less than this value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are recorded at a value that reflects the market conditions as determined by the government.

Frequently asked questions

What is the current guideline value of Madha Nagar Extension II?

The current guideline value of Madha Nagar Extension II is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,412 per sq.ft to Rs 3,960 per sq.ft in the 2024 revision, with various changes in between.

What is the land classification for Madha Nagar Extension II?

The land classification for Madha Nagar Extension II is Residential Special Type - I.

Where can I find the Sub Registrar Office for Madha Nagar Extension II?

The Sub Registrar Office for Madha Nagar Extension II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Madha Nagar Extension II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200 at 7%.