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Guideline Value

Corporate

Guideline Value for Maduvakanrai 5th Street

₹3850/sq.ft.

The guideline value for Maduvakanrai 5th Street in Parangimalai village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Parangimalai

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /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 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹668 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹534 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Maduvakanrai 5th Street

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Maduvakanrai 5th Street guideline value

The current guideline value of Maduvakanrai 5th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Parangimalai village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Maduvakanrai 5th Street has changed

The guideline value for Maduvakanrai 5th Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 534 per sq.ft. This value increased to Rs 668 per sq.ft in 2003, marking a 25% rise. The value further increased to Rs 1,100 per sq.ft in 2007, representing a 65% increase. In 2012, the figure rose significantly to Rs 3,500 per sq.ft, which was a 218% increase from the previous revision. However, from 2012 to 2017, the value decreased by 33% to Rs 2,345 per sq.ft. The guideline value then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 621%. The register has no figures for the years not mentioned in this summary.

Guideline values in Parangimalai

In Parangimalai, there are 233 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 11,000 per sq.ft. The median value is Rs 3,850 per sq.ft, which is also the current guideline value for Maduvakanrai 5th Street.

Stamp duty and registration fee for property in Maduvakanrai 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Maduvakanrai 5th Street?

The Maduvakanrai 5th Street falls under the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Parangimalai. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When buying or selling property, the guideline value helps in determining the official value of the transaction. This ensures transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Maduvakanrai 5th Street?

The current guideline value of Maduvakanrai 5th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 534 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 621% over the years.

What is the registration office for Maduvakanrai 5th Street?

The registration office for Maduvakanrai 5th Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Maduvakanrai 5th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 2,69,500 based on the current guideline value.

Are there other streets with the same guideline value in Parangimalai?

Yes, there are several other streets in Parangimalai that have the same guideline value of Rs 3,850 per sq.ft, including Maduvakanrai 4th Street, Maduvakanrai 4th Cross Street, and others.