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Guideline Value

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Guideline Value for Madurai Meenakshi Nagar - Kadamban 1st Street

₹4950/sq.ft.

The guideline value for Madurai Meenakshi Nagar - Kadamban 1st Street in Valasaravakkam village (Virugambakkam SRO, Chennai 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 Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential 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 N/A
From 1-4-2012 To 8-6-2017 ₹4500 /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. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Madurai Meenakshi Nagar - Kadamban 1st Street

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Madurai Meenakshi Nagar - Kadamban 1st Street guideline value

The current guideline value for Madurai Meenakshi Nagar - Kadamban 1st Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Madurai Meenakshi Nagar - Kadamban 1st Street has changed

Looking at the revisions, the guideline value for Madurai Meenakshi Nagar - Kadamban 1st Street was Rs 4,500 per sq.ft in both the 2012 and 2023 revisions. The 2024 revision saw an increase to Rs 4,950 per sq.ft, marking a 10% increase from the previous year. There are no recorded figures for this street in the revisions from 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The 2023 to 2024 change specifically reflects a 10% rise in value.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, placing the 2024 figure for Madurai Meenakshi Nagar - Kadamban 1st Street above this median.

Stamp duty and registration fee for property in Madurai Meenakshi Nagar - Kadamban 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total cost for these fees 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.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Madurai Meenakshi Nagar - Kadamban 1st Street?

The Sub Registrar Office that covers Madurai Meenakshi Nagar - Kadamban 1st Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Valasaravakkam. When a property is bought or sold, the guideline value serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of the transaction. This value is regularly updated to reflect changes in the real estate market, ensuring accuracy and transparency in property dealings.

Frequently asked questions

What is the current guideline value for Madurai Meenakshi Nagar - Kadamban 1st Street?

The current guideline value for Madurai Meenakshi Nagar - Kadamban 1st Street 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 from Rs 4,500 per sq.ft in the 2012 and 2023 revisions to Rs 4,950 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. There are no figures available for the years 2002, 2003, 2007, and 2017.

What is the land classification for this street?

Madurai Meenakshi Nagar - Kadamban 1st Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

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. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this area?

The Virugambakkam Sub Registrar Office covers Madurai Meenakshi Nagar - Kadamban 1st Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO through the provided link.