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Guideline Value

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Guideline Value for Palaniappa Nagar 2nd st ( Ward No.18 )

₹2200/sq.ft.

The guideline value for Palaniappa Nagar 2nd St ( Ward No.18 ) 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 Palaniappa Nagar 2nd St ( Ward No.18 )

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Palaniappa Nagar 2nd st ( Ward No.18 ) guideline value

The current guideline value of Palaniappa Nagar 2nd st (Ward No.18) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Palaniappa Nagar 2nd st ( Ward No.18 ) has changed

The guideline value for Palaniappa Nagar 2nd st has seen several revisions over the years. In the 2012 revision, the value was set at Rs 2,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was revised to Rs 2,000 per sq.ft, but it increased by 10% to Rs 2,200 per sq.ft in the 2024 revision.

There are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value increased by 10%.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing Palaniappa Nagar 2nd st's 2024 figure above that median.

Stamp duty and registration fee for property in Palaniappa Nagar 2nd st ( Ward No.18 )

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, totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Palaniappa Nagar 2nd st ( Ward No.18 )?

The Sub Registrar Office that covers Palaniappa Nagar 2nd st (Ward No.18) 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 transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

Frequently asked questions

What is the current guideline value of Palaniappa Nagar 2nd st ( Ward No.18 )?

The current guideline value of Palaniappa Nagar 2nd st (Ward No.18) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 2,000 per sq.ft to Rs 2,200 per sq.ft in 2024, marking a 10% increase overall.

What are the stamp duty and registration fees for property in Palaniappa Nagar 2nd st?

For a 1,000 sq.ft property, the total guideline value is Rs 22,00,000. The stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office is responsible for Palaniappa Nagar 2nd st?

The Madhavaram Sub Registrar Office is responsible for Palaniappa Nagar 2nd st (Ward No.18), 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, with Palaniappa Nagar 2nd st's current value of Rs 2,200 per sq.ft being above this median.