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Guideline Value

Corporate

Guideline Value for Madhavaram High Road 2nd Lane

₹3800/sq.ft.

The guideline value for Madhavaram High Road 2nd Lane in Sembiam village (Sembiam SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Mixed Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sembiam

Village

Sembiam

SRO

Mixed Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /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)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[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 Madhavaram High Road 2nd Lane

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Madhavaram High Road 2nd Lane guideline value

The current guideline value of Madhavaram High Road 2nd Lane is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the jurisdiction of the Sembiam SRO, and is classified as Mixed Special Type - I.

How the guideline value of Madhavaram High Road 2nd Lane has changed

The guideline value for Madhavaram High Road 2nd Lane has seen several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it then decreased to Rs 2,345 per sq.ft in 2017. The value rose again to Rs 3,500 per sq.ft in 2023 before reaching the current rate of Rs 3,800 per sq.ft in 2024. The revisions for 2002 and 2003 do not have figures recorded for this street.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2023 to 2024 reflects a 9% increase. Overall, from 2007 to 2024, the guideline value has increased by 375%, highlighting the significant changes over the years.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO, with guideline values ranging from Rs 1,700 to Rs 7,100 per sq.ft as of 2024. The median value for these streets is Rs 2,700 per sq.ft, placing Madhavaram High Road 2nd Lane's 2024 figure above this median.

Stamp duty and registration fee for property in Madhavaram High Road 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total charges to Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Madhavaram High Road 2nd Lane?

The Sub Registrar Office that covers Madhavaram High Road 2nd Lane is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Sembiam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Madhavaram High Road 2nd Lane?

The current guideline value of Madhavaram High Road 2nd Lane is Rs 3,800 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 3,800 per sq.ft in 2024, reflecting an overall increase of 375% over the years.

What is the land classification for Madhavaram High Road 2nd Lane?

Madhavaram High Road 2nd Lane is classified as Mixed Special Type - I, which indicates the nature of land use in this area.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011, and it handles registrations for properties in this area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 38,00,000, the total fees would amount to Rs 3,42,000.