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Guideline Value

Corporate

Guideline Value for Moolachatharam Pachaiappan Naicker Thottam

₹1600/sq.ft.

The guideline value for Moolachatharam Pachaiappan Naicker Thottam in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /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 Moolachatharam Pachaiappan Naicker Thottam

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Moolachatharam Pachaiappan Naicker Thottam guideline value

The current guideline value of Moolachatharam Pachaiappan Naicker Thottam is Rs 1,600 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 II Type - I.

How the guideline value of Moolachatharam Pachaiappan Naicker Thottam has changed

The guideline value for Moolachatharam Pachaiappan Naicker Thottam has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 1,005 per sq.ft in the 2017 revision. This was a decline of 16%. However, from 2017 to 2023, the value increased significantly by 49% to Rs 1,500 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Madhavaram

Madhavaram village has 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 for the village is Rs 1,600 per sq.ft, which aligns with the current value for Moolachatharam Pachaiappan Naicker Thottam.

Stamp duty and registration fee for property in Moolachatharam Pachaiappan Naicker Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total cost for these fees Rs 1,44,000. 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 precise calculations.

Which Sub Registrar Office covers Moolachatharam Pachaiappan Naicker Thottam?

The Moolachatharam Pachaiappan Naicker Thottam is covered by 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 when registering property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a standard value, which helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Moolachatharam Pachaiappan Naicker Thottam?

The current guideline value of Moolachatharam Pachaiappan Naicker Thottam is Rs 1,600 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 1,600 per sq.ft in 2024, reflecting an overall increase of 33% over this period.

What are the stamp duty rates applicable in Moolachatharam Pachaiappan Naicker Thottam?

The stamp duty in Moolachatharam Pachaiappan Naicker Thottam is charged at 7% of 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.

What factors influence the guideline value in Madhavaram?

The guideline value is influenced by various factors including land classification, location, and historical revisions based on market conditions, but specific figures for certain years may not be available.