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Guideline Value

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Guideline Value for Perumal Koil 1st Cross Street ( Ward No.9 )

₹1900/sq.ft.

The guideline value for Perumal Koil 1st Cross Street ( Ward No.9 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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 Perumal Koil 1st Cross Street ( Ward No.9 )

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Perumal Koil 1st Cross Street ( Ward No.9 ) guideline value

The current guideline value of Perumal Koil 1st Cross Street ( Ward No.9 ) is Rs 1,900 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 - II.

How the guideline value of Perumal Koil 1st Cross Street ( Ward No.9 ) has changed

The guideline value for Perumal Koil 1st Cross Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in 2017. The subsequent revision in 2023 increased the value to Rs 1,800 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,900 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007.

When examining the changes between these revisions, we see that the value increased by 49% from 2017 to 2023. The change from 2023 to 2024 reflects a 6% increase. Overall, comparing the figures from 2012 to 2024, there is a 6% increase in the guideline value.

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. The median guideline value for these streets is Rs 1,600 per sq.ft, placing the 2024 figure for Perumal Koil 1st Cross Street above this median.

Stamp duty and registration fee for property in Perumal Koil 1st Cross Street ( Ward No.9 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, while the registration fee at 2% would be Rs 38,000, bringing the total fees to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Perumal Koil 1st Cross Street ( Ward No.9 )?

The Sub Registrar Office that covers Perumal Koil 1st Cross Street ( Ward No.9 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Madhavaram. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a legally recognized value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Perumal Koil 1st Cross Street ( Ward No.9 )?

The current guideline value of Perumal Koil 1st Cross Street ( Ward No.9 ) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Perumal Koil 1st Cross Street?

Perumal Koil 1st Cross Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office, which covers Perumal Koil 1st Cross Street, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000.