Guideline Value

Corporate

Guideline Value for Madipakkam Main Road

₹4950/sq.ft.

The guideline value for Madipakkam Main Road in Porunthavakkam village (Pallavaram SRO, Chengalpattu zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Porunthavakkam

Village

Pallavaram

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹495 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Madipakkam Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Madipakkam Main Road guideline value

The current guideline value of Madipakkam Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This road is located in Porunthavakkam village, under the Pallavaram SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Madipakkam Main Road has changed

The guideline value for Madipakkam Main Road has seen several revisions over the years. The earliest recorded value was Rs 495 per sq.ft in 2003. This figure increased to Rs 700 per sq.ft in 2007, marking a significant rise of 41%. In 2012, the value was revised to Rs 4,500 per sq.ft, reflecting a remarkable increase of 543%. However, the value dropped to Rs 3,015 per sq.ft in 2017, which was a decrease of 33%. The most recent revision before the current rate was Rs 4,500 per sq.ft in 2023, and it has now increased to Rs 4,950 per sq.ft in 2024, which is a 10% rise.

There is no guideline value recorded for Madipakkam Main Road in 2002. Overall, from 2003 to 2024, the guideline value has increased by 900%, showcasing significant changes over the years.

Guideline values in Porunthavakkam

In Porunthavakkam, there are 23 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,760 to Rs 4,950 per sq.ft. The median guideline value in this area is Rs 2,420 per sq.ft, positioning Madipakkam Main Road's 2024 figure above that median.

Stamp duty and registration fee for property in Madipakkam Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Madipakkam Main Road?

The Sub Registrar Office covering Madipakkam Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Porunthavakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. 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 Madipakkam Main Road?

The current guideline value of Madipakkam Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 495 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 900% over this period.

What is the median guideline value in Porunthavakkam?

The median guideline value in Porunthavakkam is Rs 2,420 per sq.ft, with Madipakkam Main Road's 2024 figure being above this median.

What are the stamp duty and registration fees for a property in Madipakkam Main Road?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which office handles registrations for properties on Madipakkam Main Road?

The Pallavaram Sub Registrar Office handles registrations for properties on Madipakkam Main Road, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.