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Guideline Value

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Guideline Value for Palaniappa Nagar 3rd st ( Ward No.18 )

₹2200/sq.ft.

The guideline value for Palaniappa Nagar 3rd 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 3rd St ( Ward No.18 )

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Palaniappa Nagar 3rd st ( Ward No.18 ) guideline value

The current guideline value of Palaniappa Nagar 3rd st ( Ward No.18 ) 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 Palaniappa Nagar 3rd st ( Ward No.18 ) has changed

In the 2012 revision, the guideline value for Palaniappa Nagar 3rd st 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, reflecting a change of +10% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by +10%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

The 2024 guideline values for streets in Madhavaram range 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 for Palaniappa Nagar 3rd st is above this median.

Stamp duty and registration fee for property in Palaniappa Nagar 3rd st ( Ward No.18 )

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 Palaniappa Nagar 3rd st ( Ward No.18 )?

The Sub Registrar Office that covers Palaniappa Nagar 3rd 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 an essential reference for property transactions in Madhavaram. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value or the sale price is considered, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and follows the established regulations.

Frequently asked questions

What is the current guideline value of Palaniappa Nagar 3rd st ( Ward No.18 )?

The current guideline value of Palaniappa Nagar 3rd 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?

The guideline value for Palaniappa Nagar 3rd st was Rs 2,000 per sq.ft in 2012 and remained the same in 2023. In 2024, it increased to Rs 2,200 per sq.ft, marking a +10% change from the previous year.

What are the guideline values for other streets in Madhavaram?

The guideline values for other streets in Madhavaram vary, with the 2024 figures ranging from Rs 1,300 to Rs 7,500 per sq.ft. Palaniappa Nagar 3rd st is above the median value of Rs 1,600 per sq.ft.

What are the stamp duty and registration fees for properties in Palaniappa Nagar 3rd st?

For a property valued at 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. Duty is charged on the higher of the guideline value or the sale price.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for Palaniappa Nagar 3rd st ( Ward No.18 ).