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Guideline Value

Corporate

Guideline Value for Mahavishnu Nagar (Ponniamman Medu) (Ward-24)

₹2200/sq.ft.

The guideline value for Mahavishnu Nagar (ponniamman Medu) (ward-24) 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 Mahavishnu Nagar (ponniamman Medu) (ward-24)

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Mahavishnu Nagar (Ponniamman Medu) (Ward-24) guideline value

The current guideline value of Mahavishnu Nagar (Ponniamman Medu) (Ward-24) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Mahavishnu Nagar (Ponniamman Medu) (Ward-24) has changed

The guideline value for Mahavishnu Nagar (Ponniamman Medu) has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 1,340 per sq.ft. With the latest 2024 revision, the value increased to Rs 2,200 per sq.ft, marking a change of +64% from the previous figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street. Therefore, the only revisions that reflect the guideline value are from 2017 and 2024.

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. The median value for these streets is Rs 1,600 per sq.ft, which means Mahavishnu Nagar (Ponniamman Medu) (Ward-24) is above this median.

Stamp duty and registration fee for property in Mahavishnu Nagar (Ponniamman Medu) (Ward-24)

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. Together, the total fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mahavishnu Nagar (Ponniamman Medu) (Ward-24)?

The Sub Registrar Office that covers Mahavishnu Nagar (Ponniamman Medu) (Ward-24) 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 crucial factor in the registration process for property transactions in Madhavaram. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Mahavishnu Nagar (Ponniamman Medu) (Ward-24)?

The current guideline value of Mahavishnu Nagar (Ponniamman Medu) (Ward-24) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

Are there any years without a guideline value figure for this street?

Yes, there are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for Mahavishnu Nagar (Ponniamman Medu).

What are the guideline values of other streets in Madhavaram?

Other streets in Madhavaram have varying guideline values, with rates ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for streets in Madhavaram is Rs 1,600 per sq.ft.

How is stamp duty calculated for properties in Mahavishnu Nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 22,00,000, leading to a stamp duty of Rs 1,54,000.