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Guideline Value

Corporate

Guideline Value for Perumal Koil St (Ward-02)

₹1900/sq.ft.

The guideline value for Perumal Koil St (ward-02) 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 N/A
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 St (ward-02)

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Perumal Koil St (Ward-02) guideline value

The current guideline value for Perumal Koil St (Ward-02) is Rs 1,900 per sq.ft. 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 St (Ward-02) has changed

In the 2012 revision, the guideline value was set at Rs 1,800 per sq.ft. This figure remained unchanged through the 2023 revision, which also recorded Rs 1,800 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,900 per sq.ft, marking a 6% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

Madhavaram village features a range of guideline values across its 1,946 streets, with the 2024 figures ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing the 2024 figure for Perumal Koil St (Ward-02) above this median.

Stamp duty and registration fee for property in Perumal Koil St (Ward-02)

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

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

Which Sub Registrar Office covers Perumal Koil St (Ward-02)?

The Sub Registrar Office that covers Perumal Koil St (Ward-02) 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 crucial factor in property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs incurred during the registration process. Buyers should be aware of these costs to better understand the total financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Perumal Koil St (Ward-02)?

The current guideline value of Perumal Koil St (Ward-02) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 1,800 per sq.ft to Rs 1,900 per sq.ft in 2024. There was no change in the value from 2012 to 2023.

What is the classification of land on Perumal Koil St (Ward-02)?

The land classification for Perumal Koil St (Ward-02) is Residential Class I Type - II, indicating its suitability for residential purposes.

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 the registration of properties in the area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property with a guideline value of Rs 19,00,000 would incur specific fees based on this amount.