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Guideline Value

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Guideline Value for Periyasalai 2nd Cross St (Ward-22)

₹1600/sq.ft.

The guideline value for Periyasalai 2nd Cross St (ward-22) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. 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 ₹1500 /sq.ft.
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 Periyasalai 2nd Cross St (ward-22)

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Periyasalai 2nd Cross St (Ward-22) guideline value

The current guideline value of Periyasalai 2nd 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 Periyasalai 2nd Cross St (Ward-22) has changed

The guideline value for Periyasalai 2nd Cross St has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from Rs 1,005 per sq.ft in 2017. The value then increased to Rs 1,500 per sq.ft in the 2023 revision, before rising to Rs 1,600 per sq.ft in the 2024 revision, marking a 7% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 7% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging 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 of Periyasalai 2nd Cross St aligns with this median.

Stamp duty and registration fee for property in Periyasalai 2nd 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 to Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyasalai 2nd Cross St (Ward-22)?

The Sub Registrar Office that covers Periyasalai 2nd 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 information.

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

The guideline value is a crucial factor during property transactions in Madhavaram, as it determines the minimum value for registration purposes. When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

Both buyers and sellers should be aware of the guideline value to avoid discrepancies during registration. It is essential to verify the current guideline value to ensure compliance with local regulations and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Periyasalai 2nd Cross St?

The current guideline value of Periyasalai 2nd 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 several times, with the most recent increase from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, a 7% increase. The value has also increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, marking a 49% rise.

What is the land classification of Periyasalai 2nd Cross St?

Periyasalai 2nd Cross St is classified as Residential Class II Type - I. This classification is important for determining the guideline value and applicable regulations for property transactions.

What is the registration fee for property transactions?

The registration fee is typically 2% of the guideline value. For example, if the guideline value is Rs 16,00,000, the registration fee would be Rs 32,000.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registration activities for properties in the area.