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Guideline Value

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Guideline Value for Padmavathi Nagar Main Rd 1st Cross St ( Ward No.15 )

₹2200/sq.ft.

The guideline value for Padmavathi Nagar Main Rd 1st Cross St ( Ward No.15 ) in Madhavaram 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 I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class I 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 N/A
From 1-4-2012 To 8-6-2017 ₹2000 /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 Padmavathi Nagar Main Rd 1st Cross St ( Ward No.15 )

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Padmavathi Nagar Main Rd 1st Cross St ( Ward No.15 ) guideline value

The current guideline value of Padmavathi Nagar Main Rd 1st Cross St ( Ward No.15 ) is Rs 2,200 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 I Type - I.

How the guideline value of Padmavathi Nagar Main Rd 1st Cross St ( Ward No.15 ) has changed

The guideline value for Padmavathi Nagar Main Rd 1st Cross St has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged through the 2023 revision. However, in the 2024 revision, the value increased to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

Notably, there are no figures available for this street in the revisions from 2002, 2003, 2007, and 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 1,600 per sq.ft, placing Padmavathi Nagar Main Rd 1st Cross St above this median.

Stamp duty and registration fee for property in Padmavathi Nagar Main Rd 1st Cross St ( Ward No.15 )

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, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. Duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Padmavathi Nagar Main Rd 1st Cross St ( Ward No.15 )?

The Sub Registrar Office that covers Padmavathi Nagar Main Rd 1st Cross St ( Ward No.15 ) 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 plays a crucial role in property transactions in Madhavaram. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers must be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in the real estate market. It is essential for buyers and sellers to understand these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Padmavathi Nagar Main Rd 1st Cross St?

The current guideline value of Padmavathi Nagar Main Rd 1st Cross St ( Ward No.15 ) 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 increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024. There were no changes recorded for this street in the revisions from 2002, 2003, 2007, and 2017.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Padmavathi Nagar Main Rd 1st Cross St is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Padmavathi Nagar Main Rd 1st Cross St is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft, and Padmavathi Nagar Main Rd 1st Cross St's current guideline value is above this median.