Guideline Value

Corporate

Guideline Value for Madha Nagar Extension IV

₹3960/sq.ft.

The guideline value for Madha Nagar Extension Iv 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 ₹800 /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 Iv

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Madha Nagar Extension IV guideline value

The current guideline value of Madha Nagar Extension IV is Rs 3,960 per sq.ft, effective from 1 July 2024. This property is located in Madanandapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Madha Nagar Extension IV has changed

The guideline value for Madha Nagar Extension IV has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 800 per sq.ft. This increased significantly to Rs 3,600 per sq.ft in 2012, marking a substantial rise of 350%. However, the value then decreased to Rs 2,412 per sq.ft in 2017, a drop of 33%. The guideline value rose again to Rs 3,600 per sq.ft in 2023, and then further increased by 10% to the current Rs 3,960 per sq.ft in 2024.

In summary, the guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,960 per sq.ft in 2024, representing an overall increase of 395%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Madanandapuram

Madanandapuram village has a total of 94 streets under the Kunrathur SRO, with 2024 guideline values ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median value is Rs 3,520 per sq.ft, which means that the guideline value of Rs 3,960 per sq.ft for Madha Nagar Extension IV is above the median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, totaling Rs 3,56,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Madha Nagar Extension IV?

The Sub Registrar Office that covers Madha Nagar Extension IV 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 is a crucial factor when buying or selling property in Madanandapuram. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers must be aware that the guideline value will influence the stamp duty and registration fees applicable during the transaction.

When a property is sold, the sale price cannot be lower than the guideline value. This ensures that the government receives appropriate revenue from property transactions and helps maintain transparency in the real estate market.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,960 per sq.ft in 2024, with several revisions in between, including a drop and subsequent increases.

What is the registration office for Madha Nagar Extension IV?

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

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

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%.

What is the land classification for Madha Nagar Extension IV?

The land classification for Madha Nagar Extension IV is Residential Special Type - I, which is important for determining the usage and regulations applicable to the property.