Guideline Value

Corporate

Guideline Value for Madha Nagar Extension I

₹3960/sq.ft.

The guideline value for Madha Nagar Extension I 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 I

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Madha Nagar Extension I guideline value

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

How the guideline value of Madha Nagar Extension I has changed

Over the years, the guideline value of Madha Nagar Extension I has seen several revisions. The 2007 revision set the value at Rs 2,758 per sq.ft, which then increased to Rs 3,600 per sq.ft in 2012. Following this, the value decreased to Rs 2,412 per sq.ft in 2017. The 2023 revision raised the guideline value to Rs 3,600 per sq.ft, and the latest revision in 2024 has increased it further to Rs 3,960 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, there was a significant increase of 49%, while the increase from 2023 to 2024 was 10%. The value decreased by 33% from 2012 to 2017, and increased by 31% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 44%.

Guideline values in Madanandapuram

Madanandapuram village has 94 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median guideline value for the village is Rs 3,520 per sq.ft, making the 2024 figure for Madha Nagar Extension I above that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would amount to Rs 2,77,200, while the registration fee at 2% would be Rs 79,200, bringing the total fees together to Rs 3,56,400. It is important to note that 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 Madha Nagar Extension I?

The Sub Registrar Office that covers Madha Nagar Extension I 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 in the registration process when buying or selling property in Madanandapuram. It serves as the basis for calculating stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable stamp duty. 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 Madha Nagar Extension I?

The current guideline value of Madha Nagar Extension I 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 2,758 per sq.ft in 2007 to Rs 3,960 per sq.ft in 2024, with various revisions in between, including a significant increase of 49% from 2017 to 2023.

What is the median guideline value in Madanandapuram?

The median guideline value in Madanandapuram is Rs 3,520 per sq.ft, with Madha Nagar Extension I's 2024 figure being above this median.

What are the stamp duty and registration fees for a property in Madha Nagar Extension I?

For a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200 and the registration fee would be Rs 79,200, totaling Rs 3,56,400.

Which office handles property registrations in Madha Nagar Extension I?

The Kunrathur Sub Registrar Office handles property registrations for Madha Nagar Extension I, located at No.59, Road Street, Kundrathur, Chennai -600 069.