Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Majestic Avenue (Ward-08)

₹1300/sq.ft.

The guideline value for Majestic Avenue (ward-08) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹804 /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 Majestic Avenue (ward-08)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Majestic Avenue (Ward-08) guideline value

The current guideline value of Majestic Avenue (Ward-08) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of Majestic Avenue (Ward-08) has changed

The guideline value for Majestic Avenue has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, a significant increase from Rs 804 per sq.ft in the 2017 revision, marking a change of +62%. The register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002.

In summary, the guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024. This reflects a substantial upward adjustment, while the earlier revisions do not provide any figures for Majestic Avenue.

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 Majestic Avenue is below this median.

Stamp duty and registration fee for property in Majestic Avenue (Ward-08)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. Duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Majestic Avenue (Ward-08)?

The Sub Registrar Office that covers Majestic Avenue (Ward-08) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is crucial during property transactions as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements when transferring property ownership.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Majestic Avenue?

The current guideline value of Majestic Avenue (Ward-08) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, which is a change of +62%. The register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002.

What is the classification of land in Majestic Avenue?

Majestic Avenue is classified as Residential Class III Type - I, which indicates its intended use for residential purposes.

What are the other streets in Madhavaram with the same guideline value?

Several other streets in Madhavaram also have a guideline value of Rs 1,300 per sq.ft in 2024, including Majestic Colony 2nd Cross st, Majestic Colony 3rd Cross st, and others listed in the guideline value register.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles property registrations for the area.