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Guideline Value

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Guideline Value for Padmavathi Nagar Main Rd 2nd Cross St ( Ward No.15 )

₹2200/sq.ft.

The guideline value for Padmavathi Nagar Main Rd 2nd 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 2nd Cross St ( Ward No.15 )

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Padmavathi Nagar Main Rd 2nd Cross St ( Ward No.15 ) guideline value

The current guideline value of Padmavathi Nagar Main Rd 2nd 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 falls under the Residential Class I Type - I land classification.

How the guideline value of Padmavathi Nagar Main Rd 2nd Cross St ( Ward No.15 ) has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,200 per sq.ft, marking a 10% increase from the previous year. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

The register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions with figures available are from 2012, 2023, and 2024.

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. The guideline value of Padmavathi Nagar Main Rd 2nd Cross St is above this median.

Stamp duty and registration fee for property in Padmavathi Nagar Main Rd 2nd 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 is 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 fees to Rs 1,98,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Padmavathi Nagar Main Rd 2nd Cross St ( Ward No.15 )?

The Sub Registrar Office that covers Padmavathi Nagar Main Rd 2nd 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 is a crucial factor when registering property in Madhavaram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees associated with the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. The higher of the guideline value or the sale price will be considered for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Padmavathi Nagar Main Rd 2nd Cross St ( Ward No.15 )?

The current guideline value of Padmavathi Nagar Main Rd 2nd 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 seen a 10% increase from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024. There was no change in the value from 2012 to 2023, and the value increased by 10% from 2023 to 2024.

What are the other streets in Madhavaram with the same guideline value?

Other streets in Madhavaram, such as Padmavathi Nagar Main Rd 1st Cross St, 3rd Cross St, 4th Cross St, 5th Cross St, Padmavathi Nagar Extension, and Padmavathi Nagar 2nd Main Road, all have the same guideline value of Rs 2,200 per sq.ft for 2024.

What is the stamp duty rate for properties in Padmavathi Nagar Main Rd 2nd Cross St ( Ward No.15 )?

The stamp duty rate for properties in Padmavathi Nagar Main Rd 2nd Cross St ( Ward No.15 ) is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Padmavathi Nagar Main Rd 2nd Cross St ( Ward No.15 )?

The Sub Registrar Office for Padmavathi Nagar Main Rd 2nd Cross St ( Ward No.15 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.