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Guideline Value

Corporate

Guideline Value for Mariamman Koil St (Ward-08)

₹1300/sq.ft.

The guideline value for Mariamman Koil St (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 ₹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 Mariamman Koil St (ward-08)

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Mariamman Koil St (Ward-08) guideline value

The current guideline value of Mariamman Koil St (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 Mariamman Koil St (Ward-08) has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. However, in the 2017 revision, it decreased to Rs 804 per sq.ft, marking a decline of 33%. The latest revision in 2024 has increased the guideline value to Rs 1,300 per sq.ft, reflecting a significant increase of 62% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 8%. It is important to note that the register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

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 guideline value in this area is Rs 1,600 per sq.ft, placing Mariamman Koil St (Ward-08) below that median.

Stamp duty and registration fee for property in Mariamman Koil St (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 would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please 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 Mariamman Koil St (Ward-08)?

The Sub Registrar Office that covers Mariamman Koil St (Ward-08) 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 when buying or selling property, as it determines the minimum value at which a property can be registered. It is essential for calculating the stamp duty and registration fees that buyers need to pay during the transaction process.

When a property is sold, the guideline value helps ensure that the registration process is transparent and standardized. Buyers should be aware that the guideline value may differ from the sale price, and the higher amount will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Mariamman Koil St (Ward-08)?

The current guideline value of Mariamman Koil St (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 has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then to Rs 1,300 per sq.ft in 2024. This represents a decline of 33% from 2012 to 2017, followed by an increase of 62% from 2017 to 2024.

What is the land classification of Mariamman Koil St (Ward-08)?

Mariamman Koil St (Ward-08) is classified as Residential Class III Type - I, indicating its suitability for residential purposes within the area.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 13,00,000, the stamp duty at 7% would be Rs 91,000.