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Guideline Value

Corporate

Guideline Value for Perumal Koil st ( Ward No.5 )

₹1900/sq.ft.

The guideline value for Perumal Koil St ( Ward No.5 ) 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 No.5 )

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Perumal Koil st ( Ward No.5 ) guideline value

The current guideline value for Perumal Koil st ( Ward No.5 ) 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 No.5 ) has changed

The guideline value for Perumal Koil st ( Ward No.5 ) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, an increase from the 2023 revision, which was Rs 1,800 per sq.ft. Notably, there were no figures available for the revisions in 2017, 2007, 2003, and 2002.

Looking further back, the 2012 revision also recorded a guideline value of Rs 1,800 per sq.ft. This means that there was no change from 2012 to 2023, but from 2023 to 2024, there was a 6% increase. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Madhavaram

Madhavaram village has a total of 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for the village is Rs 1,600 per sq.ft, placing the guideline value for Perumal Koil st ( Ward No.5 ) above this median.

Stamp duty and registration fee for property in Perumal Koil st ( Ward No.5 )

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 be Rs 1,33,000, and 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 our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Perumal Koil st ( Ward No.5 )?

The Sub Registrar Office that covers Perumal Koil st ( Ward No.5 ) 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 reference point during the registration of property transactions in Madhavaram. It helps determine the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the official valuation of the property.

When buying or selling a property, the guideline value serves as a baseline for calculating the costs associated with the transaction. This value is particularly important as it ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value for Perumal Koil st ( Ward No.5 )?

The current guideline value for Perumal Koil st ( Ward No.5 ) 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 2023 to Rs 1,900 per sq.ft in 2024, marking a 6% increase. There was no change from 2012 to 2023, and the overall increase from 2012 to 2024 is also 6%.

What is the land classification for Perumal Koil st ( Ward No.5 )?

Perumal Koil st ( Ward No.5 ) is classified as Residential Class I Type - II, indicating its suitability for residential development.

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 is stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee, which are applied to the guideline value during the property registration process.