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Guideline Value

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Guideline Value for Perumal Koil st to Assisi Nagar Link Rd ( Ward No.9 )

₹1900/sq.ft.

The guideline value for Perumal Koil St To Assisi Nagar Link Rd ( 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 St To Assisi Nagar Link Rd ( Ward No.9 )

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Perumal Koil st to Assisi Nagar Link Rd ( Ward No.9 ) guideline value

The current guideline value for Perumal Koil st to Assisi Nagar Link Rd ( 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, classified as Residential Class I Type - II.

How the guideline value of Perumal Koil st to Assisi Nagar Link Rd ( Ward No.9 ) has changed

The guideline value has undergone several revisions over the years. Starting from the 2012 revision, the value was Rs 1,800 per sq.ft. In the 2017 revision, it decreased to Rs 1,206 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,800 per sq.ft in the 2023 revision, and further rose to Rs 1,900 per sq.ft in the 2024 revision, reflecting a 6% increase.

From 2012 to 2023, the guideline value increased by 49%, culminating in the current value of Rs 1,900 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1946 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, placing the current value of this street above the median.

Stamp duty and registration fee for property in Perumal Koil st to Assisi Nagar Link Rd ( 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, and the registration fee at 2% would be Rs 38,000, leading to a total of Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Koil st to Assisi Nagar Link Rd ( Ward No.9 )?

The Sub Registrar Office that covers Perumal Koil st to Assisi Nagar Link Rd ( Ward No.9 ) 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 in the registration process of property transactions in Madhavaram. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency in the valuation process.

When buying or selling property, the guideline value is used to calculate applicable duties and fees. Buyers should be aware that the stamp duty and registration fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Perumal Koil st to Assisi Nagar Link Rd ( Ward No.9 )?

The current guideline value for Perumal Koil st to Assisi Nagar Link Rd ( 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 several times, with the most recent increase being from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024, a rise of 6%. The value saw a notable increase of 49% from 2017 to 2023.

What is the land classification for this area?

The land classification for Perumal Koil st to Assisi Nagar Link Rd ( Ward No.9 ) is Residential Class I Type - II, indicating its suitability for residential development.

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

The Sub Registrar Office for Perumal Koil st to Assisi Nagar Link Rd ( Ward No.9 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 at a rate of 7%.