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Guideline Value

Corporate

Guideline Value for Mandaveli 4th Street (Ward-7)

₹1300/sq.ft.

The guideline value for Mandaveli 4th Street (ward-7) 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 ₹1200 /sq.ft.
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 Mandaveli 4th Street (ward-7)

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Mandaveli 4th Street (Ward-7) guideline value

The current guideline value for Mandaveli 4th Street (Ward-7) 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 Mandaveli 4th Street (Ward-7) has changed

The guideline value for Mandaveli 4th Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. The latest revision in 2024 has increased the value to Rs 1,300 per sq.ft, marking a significant increase of 62% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 8%.

It is important to note that there are no figures available for the years 2023, 2007, 2003, and 2002 for Mandaveli 4th Street. This lack of data means that the changes in guideline value during those years are not documented.

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 Mandaveli 4th Street is below this median.

Stamp duty and registration fee for property in Mandaveli 4th Street (Ward-7)

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, charged at 7%, would be Rs 91,000, while the registration fee at 2% would be Rs 26,000, leading to a total of Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mandaveli 4th Street (Ward-7)?

The Sub Registrar Office that covers Mandaveli 4th Street (Ward-7) 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 plays a crucial role in the registration process of property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is referenced to ensure that the transaction is registered at an appropriate value. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Mandaveli 4th Street (Ward-7)?

The current guideline value of Mandaveli 4th Street (Ward-7) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,300 per sq.ft in 2024. This represents a 62% increase from 2017 to 2024 and an overall increase of 8% from 2012 to 2024.

What are the guideline values of other streets in Madhavaram?

The guideline values of other streets in Madhavaram under the Madhavaram SRO range from Rs 1,300 to Rs 7,500 per sq.ft. The median value is Rs 1,600 per sq.ft, while Mandaveli 4th Street is below this median.

What are the stamp duty and registration fees for property in Mandaveli 4th Street (Ward-7)?

For a plot of 1,000 sq.ft at the current guideline value, the total guideline value is Rs 13,00,000. The stamp duty is Rs 91,000, and the registration fee is Rs 26,000, totaling Rs 1,17,000.

Where can I find the Sub Registrar Office for Mandaveli 4th Street (Ward-7)?

The Sub Registrar Office covering Mandaveli 4th Street (Ward-7) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.