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Guideline Value

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Guideline Value for Perumal Koil st. & Kumaran st ( Ward No.1 )

₹1900/sq.ft.

The guideline value for Perumal Koil St. & Kumaran St ( Ward No.1 ) 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. & Kumaran St ( Ward No.1 )

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Perumal Koil st. & Kumaran st ( Ward No.1 ) guideline value

The current guideline value for Perumal Koil st. & Kumaran st ( Ward No.1 ) is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Perumal Koil st. & Kumaran st ( Ward No.1 ) has changed

The guideline value for Perumal Koil st. & Kumaran st has seen several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft. This figure was revised to Rs 1,206 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, which is a rise of 49%. The most recent revision in 2024 established the current guideline value at Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with 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 current value of Perumal Koil st. & Kumaran st above this median.

Stamp duty and registration fee for property in Perumal Koil st. & Kumaran st ( Ward No.1 )

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 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.

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

Which Sub Registrar Office covers Perumal Koil st. & Kumaran st ( Ward No.1 )?

The Sub Registrar Office that covers Perumal Koil st. & Kumaran st ( Ward No.1 ) 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 reference point when buying or selling property in Madhavaram. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for the transaction. The registration office uses this value to calculate the necessary fees, which are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Perumal Koil st. & Kumaran st ( Ward No.1 )?

The current guideline value for Perumal Koil st. & Kumaran st ( Ward No.1 ) 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 this area?

The land classification for Perumal Koil st. & Kumaran st ( Ward No.1 ) is Residential Class I Type - II.

Where can I find the registration office for this area?

The registration office for Perumal Koil st. & Kumaran st ( Ward No.1 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated in Madhavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, and the registration fee is 2% of the guideline value or sale price.