Guideline Value

Corporate

Guideline Value for Moolakkadai Bazaar Thottam

₹3300/sq.ft.

The guideline value for Moolakkadai Bazaar Thottam in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /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 Moolakkadai Bazaar Thottam

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Moolakkadai Bazaar Thottam guideline value

The current guideline value of Moolakkadai Bazaar Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO and is classified as Commercial Class I Type - I.

How the guideline value of Moolakkadai Bazaar Thottam has changed

The guideline value for Moolakkadai Bazaar Thottam has seen significant changes over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This figure increased to Rs 3,000 per sq.ft in the 2023 revision, marking a 100% increase. The current 2024 revision reflects a further increase to Rs 3,300 per sq.ft, which is a 10% rise from the previous year.

There are no registered figures for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 120%.

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 value is Rs 1,600 per sq.ft, placing Moolakkadai Bazaar Thottam's 2024 figure above this median.

Stamp duty and registration fee for property in Moolakkadai Bazaar Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Moolakkadai Bazaar Thottam?

The Sub Registrar Office that covers Moolakkadai Bazaar Thottam 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 registering property transactions in Madhavaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official value set by the government.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and consistency in property transactions within the Madhavaram region.

Frequently asked questions

What is the current guideline value of Moolakkadai Bazaar Thottam?

The current guideline value of Moolakkadai Bazaar Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,500 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 120% over this period.

What are the stamp duty and registration fees for property in Moolakkadai Bazaar Thottam?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000. The stamp duty at 7% is Rs 2,31,000, and the registration fee at 2% is Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office should I visit for transactions in Moolakkadai Bazaar Thottam?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, covers transactions in Moolakkadai Bazaar Thottam.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum price for property registration and is essential for calculating stamp duty and registration fees. It ensures that property transactions are conducted fairly and transparently.