Guideline Value for Madhura Nagar

Madhura Nagar guideline value

The current guideline value of Madhura Nagar, located in Agaramthen village under the Tambaram Joint 1 SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Madhura Nagar has changed

The guideline value for Madhura Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, a significant increase from Rs 335 per sq.ft in the 2017 revision, marking a change of +64%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024. This change reflects the most recent assessment of property values in the area.

Guideline values in Agaramthen

Agaramthen village has 125 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,700 per sq.ft, with a median value of Rs 830 per sq.ft. The guideline value for Madhura Nagar is below this median.

• Leo Avenue: Rs 2,860 per sq.ft (2024)
• Lakshmi Nagar Phase - III: Rs 2,970 per sq.ft (2024)
• Lakshmi Nagar Phase - II: Rs 2,970 per sq.ft (2024)
• Lakshmi Nagar Phase-4: Rs 2,970 per sq.ft (2024)
• Lakshmi Nagar: Rs 2,970 per sq.ft (2024)
• Kurunji Nagar 4th Street 1st And 5th Cross Street: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Madhura Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value is Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total charges Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Madhura Nagar?

The Madhura Nagar area falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps in calculating the official charges that need to be paid at the time of registration. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Madhura Nagar?

The current guideline value of Madhura Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024, reflecting a change of +64%.

Are there any revisions without figures for Madhura Nagar?

Yes, the register has no figures for Madhura Nagar for the years 2023, 2012, 2007, 2003, and 2002.

What is the land classification of Madhura Nagar?

Madhura Nagar is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for properties in Madhura Nagar?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.