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Guideline Value

Corporate

Guideline Value for Perumal Koil Street (Lakshmipuram)

₹1900/sq.ft.

The guideline value for Perumal Koil Street (lakshmipuram) 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 Street (lakshmipuram)

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Perumal Koil Street (Lakshmipuram) guideline value

The current guideline value of Perumal Koil Street (Lakshmipuram) 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 Street (Lakshmipuram) has changed

Over the years, the guideline value of Perumal Koil Street (Lakshmipuram) has seen several revisions. The 2012 revision recorded a value of Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision, marking a decrease of 33%. In 2023, the value increased to Rs 1,800 per sq.ft, and in the latest 2024 revision, it stands at Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

From 2017 to 2023, the guideline value experienced a significant rise of 49%. Overall, comparing the 2012 revision to the current 2024 value, there has been a modest increase of 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

The guideline values for the 1,946 streets in Madhavaram under the Madhavaram SRO range 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 Perumal Koil Street (Lakshmipuram) at Rs 1,900 per sq.ft is above this median.

Stamp duty and registration fee for property in Perumal Koil Street (Lakshmipuram)

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, and the registration fee at 2% would be Rs 38,000, making the total cost for these fees 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.

You can use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Perumal Koil Street (Lakshmipuram)?

The Sub Registrar Office that covers Perumal Koil Street (Lakshmipuram) 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 plays a crucial role in the property registration process in Madhavaram. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations during the registration process. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Perumal Koil Street (Lakshmipuram)?

The current guideline value of Perumal Koil Street (Lakshmipuram) 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 back 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 of Perumal Koil Street (Lakshmipuram)?

Perumal Koil Street (Lakshmipuram) is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher.

Which office handles the registration for Perumal Koil Street (Lakshmipuram)?

The Madhavaram Sub Registrar Office handles the registration for Perumal Koil Street (Lakshmipuram), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.