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Guideline Value

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Guideline Value for Mandaveli Main Road ( Ward No.7 )

₹1300/sq.ft.

The guideline value for Mandaveli Main Road ( Ward No.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 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 Mandaveli Main Road ( Ward No.7 )

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Mandaveli Main Road ( Ward No.7 ) guideline value

The current guideline value of Mandaveli Main Road ( Ward No.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 Main Road ( Ward No.7 ) has changed

The guideline value for Mandaveli Main Road ( Ward No.7 ) has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, and the most recent 2024 revision increased this to Rs 1,300 per sq.ft, marking a significant rise of 62% between these two revisions. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has evolved from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024. This increase reflects the changes in the real estate landscape within the 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. The median value for these streets is Rs 1,600 per sq.ft, indicating that the guideline value of Mandaveli Main Road ( Ward No.7 ) is below this median.

Stamp duty and registration fee for property in Mandaveli Main Road ( Ward No.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 at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Mandaveli Main Road ( Ward No.7 )?

The Sub Registrar Office that covers Mandaveli Main Road ( Ward No.7 ) 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 crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Mandaveli Main Road ( Ward No.7 )?

The current guideline value of Mandaveli Main Road ( Ward No.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 increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, which is a rise of 62%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Mandaveli Main Road ( Ward No.7 )?

Mandaveli Main Road ( Ward No.7 ) is classified as Residential Class III Type - I. This classification impacts the guideline value and the type of development permitted in the area.

Where can I find the registration office for Mandaveli Main Road ( Ward No.7 )?

The registration office for Mandaveli Main Road ( Ward No.7 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties on Mandaveli Main Road ( Ward No.7 )?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 91,000.