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Guideline Value

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Guideline Value for Padmavathi Nagar Main Rd 4th Cross St ( Ward No.15 )

₹2200/sq.ft.

The guideline value for Padmavathi Nagar Main Rd 4th 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 4th Cross St ( Ward No.15 )

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Padmavathi Nagar Main Rd 4th Cross St ( Ward No.15 ) guideline value

The current guideline value of Padmavathi Nagar Main Rd 4th 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 4th Cross St ( Ward No.15 ) has changed

The guideline value for Padmavathi Nagar Main Rd 4th Cross St has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the 2023 revision, which was Rs 2,000 per sq.ft. The 2012 revision also recorded Rs 2,000 per sq.ft, indicating no change from 2012 to 2023. Notably, the register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, the guideline value has increased by 10% from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024. This shows a steady increase in the value over the years, particularly from the last revision.

Guideline values in Madhavaram

The guideline values for properties in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft as of 2024, with a median value of Rs 1,600 per sq.ft. The guideline value of Padmavathi Nagar Main Rd 4th Cross St is above this median, reflecting its desirability.

Stamp duty and registration fee for property in Padmavathi Nagar Main Rd 4th Cross St ( Ward No.15 )

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Padmavathi Nagar Main Rd 4th Cross St ( Ward No.15 )?

The Sub Registrar Office that covers Padmavathi Nagar Main Rd 4th Cross St 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 an essential factor in property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is crucial for calculating stamp duty and registration fees during the buying or selling process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Padmavathi Nagar Main Rd 4th Cross St?

The current guideline value of Padmavathi Nagar Main Rd 4th 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, marking a 10% increase. There was no change in the value from 2012 to 2023, and the register has no figures for the years 2002, 2003, 2007, and 2017.

What are the stamp duty and registration fees for properties here?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,98,000. This includes a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000.

What is the land classification of Padmavathi Nagar Main Rd 4th Cross St?

Padmavathi Nagar Main Rd 4th Cross St is classified as Residential Class I Type - I, indicating its designation for residential purposes within the locality.

Where is the Sub Registrar Office located for this area?

The Madhavaram Sub Registrar Office, which covers Padmavathi Nagar Main Rd 4th Cross St, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.