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Guideline Value

Corporate

Guideline Value for Narayanasamy Garden 1st Cross Street

₹2200/sq.ft.

The guideline value for Narayanasamy Garden 1st Cross Street in Selavoyal village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Selavoyal

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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 Narayanasamy Garden 1st Cross Street

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Narayanasamy Garden 1st Cross Street guideline value

The current guideline value of Narayanasamy Garden 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Selavoyal village and falls under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Narayanasamy Garden 1st Cross Street has changed

The guideline value for Narayanasamy Garden 1st Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,800 per sq.ft. This figure changed to Rs 1,340 per sq.ft in 2017, marking a decrease of 26%. However, from 2017 to 2023, the value significantly increased to Rs 2,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 22%.

Guideline values in Selavoyal

In Selavoyal village, there are 170 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,900 to Rs 3,300 per sq.ft, with the median being Rs 2,200 per sq.ft. The guideline value of Narayanasamy Garden 1st Cross Street is equal to this median.

Stamp duty and registration fee for property in Narayanasamy Garden 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Narayanasamy Garden 1st Cross Street?

The Sub Registrar Office that covers Narayanasamy Garden 1st Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For further assistance, you can find your SRO.

How the guideline value is used when you buy or sell in Selavoyal

The guideline value is an essential factor during the registration process when buying or selling property in Selavoyal. 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 total fees, ensuring that the transaction is documented accurately. This value helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Narayanasamy Garden 1st Cross Street?

The current guideline value of Narayanasamy Garden 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Narayanasamy Garden 1st Cross Street?

The land classification for Narayanasamy Garden 1st Cross Street is Residential Class II Type - I.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000 for these fees.

Which office handles registrations for this area?

The Madhavaram Sub Registrar Office handles registrations for Narayanasamy Garden 1st Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.