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Guideline Value

Corporate

Guideline Value for Meenatchi Bharathi Co-Op Society (Ward-02)

₹1300/sq.ft.

The guideline value for Meenatchi Bharathi Co-op Society (ward-02) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. 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 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 Meenatchi Bharathi Co-op Society (ward-02)

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Meenatchi Bharathi Co-Op Society (Ward-02) guideline value

The current guideline value for Meenatchi Bharathi Co-Op Society (Ward-02) is Rs 1,300 per sq.ft, effective from 1 July 2024. This society is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Meenatchi Bharathi Co-Op Society (Ward-02) has changed

The guideline value for Meenatchi Bharathi Co-Op Society (Ward-02) has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,200 per sq.ft, which was then increased by 8% to Rs 1,300 per sq.ft in the 2024 revision.

In summary, the guideline value increased from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024. This change reflects a notable adjustment in the valuation of properties in the area.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values 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 the 2024 figure for Meenatchi Bharathi Co-Op Society (Ward-02) below that median.

Stamp duty and registration fee for property in Meenatchi Bharathi Co-Op Society (Ward-02)

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, making the total cost 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 calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Meenatchi Bharathi Co-Op Society (Ward-02)?

The Sub Registrar Office that covers Meenatchi Bharathi Co-Op Society (Ward-02) 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 a crucial factor in determining the registration fees and stamp duty when buying or selling property in Madhavaram. It serves as a benchmark for the value of the property, ensuring that the transaction is registered at a value that reflects the current market conditions.

When a property is sold, the guideline value helps in calculating the applicable duties and fees, which are necessary for the legal transfer of ownership. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value for Meenatchi Bharathi Co-Op Society (Ward-02)?

The current guideline value for Meenatchi Bharathi Co-Op Society (Ward-02) 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 2023 to Rs 1,300 per sq.ft in 2024. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Meenatchi Bharathi Co-Op Society (Ward-02)?

Meenatchi Bharathi Co-Op Society (Ward-02) is classified as Residential Class III Type - I. This classification indicates the type of development and usage permitted in the area.

What is the stamp duty for property transactions in Meenatchi Bharathi Co-Op Society (Ward-02)?

The stamp duty for property transactions in Meenatchi Bharathi Co-Op Society (Ward-02) is 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,00,000 would incur a stamp duty of Rs 91,000.

Where can I find the Sub Registrar Office for Meenatchi Bharathi Co-Op Society (Ward-02)?

The Sub Registrar Office covering Meenatchi Bharathi Co-Op Society (Ward-02) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can visit this office for registration and other property-related services.