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Guideline Value

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Guideline Value for Mohan Nagar,Ponniammanmedu (Ward-24)

₹1300/sq.ft.

The guideline value for Mohan Nagar,ponniammanmedu (ward-24) 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 Mohan Nagar,ponniammanmedu (ward-24)

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Mohan Nagar,Ponniammanmedu (Ward-24) guideline value

The current guideline value for Mohan Nagar,Ponniammanmedu (Ward-24) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Mohan Nagar,Ponniammanmedu (Ward-24) has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged through the 2023 revision, which also recorded Rs 1,200 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, marking an 8% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 8%.

The register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions that show a figure are from 2012, 2023, and 2024.

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 Mohan Nagar,Ponniammanmedu (Ward-24) is below this median.

Stamp duty and registration fee for property in Mohan Nagar,Ponniammanmedu (Ward-24)

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the 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, totaling Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mohan Nagar,Ponniammanmedu (Ward-24)?

The Sub Registrar Office that covers Mohan Nagar,Ponniammanmedu (Ward-24) 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 an important factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees. Buyers should be aware that the fees are charged based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mohan Nagar,Ponniammanmedu (Ward-24)?

The current guideline value of Mohan Nagar,Ponniammanmedu (Ward-24) 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 1,300 per sq.ft in 2024, reflecting an 8% increase. There was no change in the value from 2012 to 2023, and the register has no figures for the years 2002, 2003, 2007, and 2017.

What are the guideline values for other streets in Madhavaram?

The guideline values for other streets in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Streets like Mohan Nagar (Ward-23) and Mohan Nagar (Ward-29) have a guideline value of Rs 1,600 per sq.ft in 2024.

How is stamp duty calculated in Mohan Nagar,Ponniammanmedu (Ward-24)?

Stamp duty in Mohan Nagar,Ponniammanmedu (Ward-24) is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Mohan Nagar,Ponniammanmedu (Ward-24)?

The Sub Registrar Office for Mohan Nagar,Ponniammanmedu (Ward-24) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details about your SRO through the provided link.