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Guideline Value

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Guideline Value for Majestic Colony 3rd Cross st ( Ward No.24 )

₹1300/sq.ft.

The guideline value for Majestic Colony 3rd Cross St ( Ward No.24 ) 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 Colony 3rd Cross St ( Ward No.24 )

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Majestic Colony 3rd Cross st ( Ward No.24 ) guideline value

The current guideline value for Majestic Colony 3rd Cross st ( Ward No.24 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Majestic Colony 3rd Cross st ( Ward No.24 ) has changed

In the 2017 revision, the guideline value was set at Rs 804 per sq.ft. With the 2024 revision, this value increased to Rs 1,300 per sq.ft, marking a significant change of +62% over the seven-year period.

The register has no figure for the years 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions available are from 2017 and 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO carrying 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 Colony 3rd Cross st ( Ward No.24 ) is below this median.

Stamp duty and registration fee for property in Majestic Colony 3rd Cross st ( Ward No.24 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, leading to a total of Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Majestic Colony 3rd Cross st ( Ward No.24 )?

The Sub Registrar Office that covers Majestic Colony 3rd Cross st ( Ward No.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 property transactions in Madhavaram, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. The guideline value helps ensure that property transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of Majestic Colony 3rd Cross st ( Ward No.24 )?

The current guideline value of Majestic Colony 3rd Cross st ( Ward No.24 ) is Rs 1,300 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 804 per sq.ft to Rs 1,300 per sq.ft in 2024, which is a change of +62%.

What is the land classification for Majestic Colony 3rd Cross st ( Ward No.24 )?

The land classification for Majestic Colony 3rd Cross st ( Ward No.24 ) is Residential Class III Type - I.

Where can I find the registration office for Majestic Colony 3rd Cross st ( Ward No.24 )?

The registration office for Majestic Colony 3rd Cross st ( Ward No.24 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Majestic Colony 3rd Cross st ( Ward No.24 )?

Stamp duty for properties in Majestic Colony 3rd Cross st ( Ward No.24 ) is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 91,000.