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Guideline Value

Corporate

Guideline Value for Madras Tondiarpet High Road (M.T.H. Road) (Ward-20)

₹3300/sq.ft.

The guideline value for Madras Tondiarpet High Road (m.t.h. Road) (ward-20) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 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:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[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 Madras Tondiarpet High Road (m.t.h. Road) (ward-20)

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Madras Tondiarpet High Road (M.T.H. Road) (Ward-20) guideline value

The current guideline value of Madras Tondiarpet High Road (M.T.H. Road) (Ward-20) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Madras Tondiarpet High Road (M.T.H. Road) (Ward-20) has changed

Over the years, the guideline value for Madras Tondiarpet High Road has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and then rose again to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Madras Tondiarpet High Road is above this median.

Stamp duty and registration fee for property in Madras Tondiarpet High Road (M.T.H. Road) (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, these fees would total Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Madras Tondiarpet High Road (M.T.H. Road) (Ward-20)?

The Sub Registrar Office that covers Madras Tondiarpet High Road (M.T.H. Road) (Ward-20) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a critical reference point when buying or selling property in Madhavaram. It determines the stamp duty and registration fees that need to be paid during the transaction, ensuring that both buyers and sellers are aware of the financial implications involved.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Madras Tondiarpet High Road?

The current guideline value of Madras Tondiarpet High Road (M.T.H. Road) (Ward-20) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024. This reflects an overall increase of 10% from 2012 to 2024.

What are the stamp duty and registration fees for a property on this road?

For a property valued at Rs 3,300 per sq.ft, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000 for a 1,000 sq.ft plot. The total fees would amount to Rs 2,97,000.

Which office handles registrations for properties on Madras Tondiarpet High Road?

The Madhavaram Sub Registrar Office handles registrations for properties on Madras Tondiarpet High Road (M.T.H. Road) (Ward-20). The office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the significance of the guideline value in property transactions?

The guideline value is essential in determining the stamp duty and registration fees during property transactions. It ensures that the fees are calculated based on a standard value, making the process fair and transparent for all parties involved.