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Guideline Value

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Guideline Value for Palaniappa Nagar 4th st ( Ward No.18 )

₹2200/sq.ft.

The guideline value for Palaniappa Nagar 4th 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 4th St ( Ward No.18 )

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Palaniappa Nagar 4th st ( Ward No.18 ) guideline value

The current guideline value of Palaniappa Nagar 4th 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. The land classification for this area is Residential Class I Type - I.

How the guideline value of Palaniappa Nagar 4th st ( Ward No.18 ) has changed

The guideline value for Palaniappa Nagar 4th st has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is an increase from the 2023 revision of Rs 2,000 per sq.ft, marking a 10% rise. Prior to that, the 2012 revision also listed the value at Rs 2,000 per sq.ft, indicating no change from 2012 to 2023.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Madhavaram

The guideline values for streets in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft as of the 2024 revision, with a median value of Rs 1,600 per sq.ft. The guideline value of Rs 2,200 per sq.ft for Palaniappa Nagar 4th st is above this median.

Stamp duty and registration fee for property in Palaniappa Nagar 4th 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, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Palaniappa Nagar 4th st ( Ward No.18 )?

The Sub Registrar Office that covers Palaniappa Nagar 4th 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 minimum value at which properties can be registered, ensuring transparency and consistency in property transactions.

When buying or selling property, the guideline value aids in calculating the stamp duty and registration fees, which are essential components of the transaction process. It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Palaniappa Nagar 4th st?

The current guideline value of Palaniappa Nagar 4th 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 has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, marking a 10% increase. There was no change from 2012 to 2023, as both years recorded the value at Rs 2,000 per sq.ft.

What is the land classification for Palaniappa Nagar 4th st?

The land classification for Palaniappa Nagar 4th st ( Ward No.18 ) is Residential Class I Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Palaniappa Nagar 4th st?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.