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Guideline Value

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Guideline Value for Periya Salai 4th Cross St (Ward-22)

₹1600/sq.ft.

The guideline value for Periya Salai 4th Cross St (ward-22) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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 Periya Salai 4th Cross St (ward-22)

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Periya Salai 4th Cross St (Ward-22) guideline value

The current guideline value of Periya Salai 4th Cross St (Ward-22) is Rs 1,600 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 II Type - I.

How the guideline value of Periya Salai 4th Cross St (Ward-22) has changed

The guideline value for Periya Salai 4th Cross St has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,500 per sq.ft. This figure decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a significant decline of 33%. However, the value saw a substantial increase in the 2024 revision, rising to Rs 1,600 per sq.ft, which represents a 59% increase from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 7%. It is important to note that the register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Madhavaram

Madhavaram village has 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 for these streets is Rs 1,600 per sq.ft, which is equal to the current guideline value of Periya Salai 4th Cross St.

Stamp duty and registration fee for property in Periya Salai 4th Cross St (Ward-22)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees together to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periya Salai 4th Cross St (Ward-22)?

The Sub Registrar Office that covers Periya Salai 4th Cross St (Ward-22) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value is a critical factor when registering a property in Madhavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is documented according to the established values set by the registration department.

When buyers and sellers engage in a property transaction, the guideline value helps determine the official value of the property, which is essential for legal and financial purposes. This ensures transparency and compliance with local regulations during the buying or selling process.

Frequently asked questions

What is the current guideline value for Periya Salai 4th Cross St (Ward-22)?

The current guideline value for Periya Salai 4th Cross St (Ward-22) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then to Rs 1,600 per sq.ft in 2024. This shows a significant increase from 2017 to 2024, while there was a decrease from 2012 to 2017.

What is the land classification for Periya Salai 4th Cross St?

Periya Salai 4th Cross St is classified as Residential Class II Type - I, indicating its designation for residential purposes within the locality.

Where can I find information about stamp duty and registration fees?

Information about stamp duty and registration fees can be calculated using the stamp duty and registration fee calculator.

Which office handles the registration for Periya Salai 4th Cross St?

The Madhavaram Sub Registrar Office handles the registration for Periya Salai 4th Cross St (Ward-22), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.