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Guideline Value

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Guideline Value for Milk Colony Tanuvas Qrts (Ward-05)

₹1300/sq.ft.

The guideline value for Milk Colony Tanuvas Qrts (ward-05) 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 ₹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 Milk Colony Tanuvas Qrts (ward-05)

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Milk Colony Tanuvas Qrts (Ward-05) guideline value

The current guideline value of Milk Colony Tanuvas Qrts (Ward-05) is Rs 1,300 per sq.ft, effective from 1 July 2024. This property is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Milk Colony Tanuvas Qrts (Ward-05) has changed

The guideline value for Milk Colony Tanuvas Qrts (Ward-05) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, an increase from the 2023 revision, which was Rs 1,200 per sq.ft. Notably, there were no figures recorded for this street in the revisions of 2002, 2003, 2007, and 2017.

Looking further back, the 2012 revision also listed the guideline value at Rs 1,200 per sq.ft. Thus, there has been no change from 2012 to 2023, but an overall increase of 8% has occurred from 2012 to the current 2024 value.

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, indicating that the guideline value of Milk Colony Tanuvas Qrts (Ward-05) is below this median.

Stamp duty and registration fee for property in Milk Colony Tanuvas Qrts (Ward-05)

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 or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Milk Colony Tanuvas Qrts (Ward-05)?

The Milk Colony Tanuvas Qrts (Ward-05) falls under the jurisdiction of 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 property transactions in Madhavaram, as it determines the minimum value at which properties must be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property.

When selling a property, the guideline value helps ensure that the sale price is in line with government valuations, which can affect the overall transaction process. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Milk Colony Tanuvas Qrts (Ward-05)?

The current guideline value of Milk Colony Tanuvas Qrts (Ward-05) 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, representing an 8% increase. There has been no change from 2012 to 2023, and the overall increase from 2012 to 2024 is 8%.

What is the land classification of Milk Colony Tanuvas Qrts (Ward-05)?

Milk Colony Tanuvas Qrts (Ward-05) is classified as Residential Class III Type - I. This classification indicates the type of residential development permitted in the area.

What are the registration fees for property in this area?

For a property valued at Rs 13,00,000, the stamp duty is Rs 91,000, and the registration fee is Rs 26,000, totaling Rs 1,17,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all property registrations in the Milk Colony Tanuvas Qrts (Ward-05) area.