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Guideline Value

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Guideline Value for Mahaveer Nagar Annex (Ponniamman Medu)

₹2200/sq.ft.

The guideline value for Mahaveer Nagar Annex (ponniamman Medu) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Mahaveer Nagar Annex (ponniamman Medu)

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Mahaveer Nagar Annex (Ponniamman Medu) guideline value

The current guideline value of Mahaveer Nagar Annex (Ponniamman Medu) is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Mahaveer Nagar Annex (Ponniamman Medu) has changed

The guideline value for Mahaveer Nagar Annex (Ponniamman Medu) has seen significant changes over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, and the most recent 2024 revision increased it to Rs 2,200 per sq.ft, marking a notable increase of 64%. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

From the 2017 revision to the 2024 revision, the increase reflects a substantial change in the guideline value. The 2024 figure of Rs 2,200 per sq.ft is considerably higher than the previous 2017 value, indicating a shift in the valuation of properties in this area.

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 for Mahaveer Nagar Annex (Ponniamman Medu) at Rs 2,200 per sq.ft is above this median.

Stamp duty and registration fee for property in Mahaveer Nagar Annex (Ponniamman Medu)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mahaveer Nagar Annex (Ponniamman Medu)?

The Sub Registrar Office that covers Mahaveer Nagar Annex (Ponniamman Medu) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, Chennai registration zone. 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 factor in the registration process when buying or selling property in Madhavaram. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is documented accurately in accordance with the current regulations.

When a property is sold, the guideline value helps determine the official value for registration purposes. Buyers and sellers must be aware of this value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Mahaveer Nagar Annex (Ponniamman Medu)?

The current guideline value of Mahaveer Nagar Annex (Ponniamman Medu) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, which is a change of 64%.

What is the land classification of Mahaveer Nagar Annex (Ponniamman Medu)?

Mahaveer Nagar Annex (Ponniamman Medu) is classified as Residential Class I Type - I.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Mahaveer Nagar Annex (Ponniamman Medu)?

The Madhavaram Sub Registrar Office handles the registration for Mahaveer Nagar Annex (Ponniamman Medu), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.