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Guideline Value

Corporate

Guideline Value for Nethaji Street (Annai Indira Nagar)

₹1300/sq.ft.

The guideline value for Nethaji Street (annai Indira Nagar) 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 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Nethaji Street (annai Indira Nagar)

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Nethaji Street (Annai Indira Nagar) guideline value

The current guideline value of Nethaji Street (Annai Indira Nagar), located in Madhavaram village under the Madhavaram SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Nethaji Street (Annai Indira Nagar) has changed

Over the years, the guideline value of Nethaji Street (Annai Indira Nagar) has seen significant changes. The 2017 revision recorded a guideline value of Rs 804 per sq.ft, which then increased to Rs 1,200 per sq.ft in the 2023 revision, marking a change of +49%. The most recent 2024 revision has set the guideline value at Rs 1,300 per sq.ft, reflecting an increase of +8% from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by +62%.

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. Nethaji Street (Annai Indira Nagar) has a 2024 figure that is below this median.

Stamp duty and registration fee for property in Nethaji Street (Annai Indira Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total 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 and the sale price.

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

Which Sub Registrar Office covers Nethaji Street (Annai Indira Nagar)?

The Sub Registrar Office that covers Nethaji Street (Annai Indira Nagar) is 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 the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Nethaji Street (Annai Indira Nagar)?

The current guideline value of Nethaji Street (Annai Indira Nagar) 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 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and then to Rs 1,300 per sq.ft in 2024. This represents an overall increase of +62% from 2017 to 2024.

What is the land classification for Nethaji Street (Annai Indira Nagar)?

The land classification for Nethaji Street (Annai Indira Nagar) is Residential Class III Type - I.

What other streets have similar guideline values in Madhavaram?

Other streets in Madhavaram with similar guideline values include Nethaji Street Cross St (Ward-22) and Nethaji Street (Ponniamman Medu), both at Rs 1,300 per sq.ft in 2024.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.