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Guideline Value

Corporate

Guideline Value for Prakash Nagar 10th Cross St (Ward-23)

₹2700/sq.ft.

The guideline value for Prakash Nagar 10th Cross St (ward-23) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /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 Prakash Nagar 10th Cross St (ward-23)

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Prakash Nagar 10th Cross St (Ward-23) guideline value

The current guideline value for Prakash Nagar 10th Cross St (Ward-23) is Rs 2,700 per sq.ft. This street is located in Madhavaram village, under the Madhavaram Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Prakash Nagar 10th Cross St (Ward-23) has changed

Over the years, the guideline value of Prakash Nagar 10th Cross St has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an increase from Rs 2,500 per sq.ft in the 2023 revision. Notably, there was no change in the guideline value from 2012 to 2023, where it remained at Rs 2,500 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2017.

When considering the overall change from 2012 to 2024, the guideline value has increased by 8%. The increase from 2023 to 2024 is 8%, indicating a significant adjustment in the current valuation.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in the village is Rs 1,600 per sq.ft, placing Prakash Nagar 10th Cross St above this median value.

Stamp duty and registration fee for property in Prakash Nagar 10th Cross St (Ward-23)

For a property of 1,000 sq.ft at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, leading to a total cost of Rs 2,43,000. 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 Prakash Nagar 10th Cross St (Ward-23)?

The Prakash Nagar 10th Cross St (Ward-23) falls under 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 an essential factor when buying or selling property in Madhavaram. It serves as a benchmark for determining the value of properties and is used to calculate the stamp duty and registration fees during the transaction process.

When a property is registered, the guideline value is taken into account to ensure that the correct fees are applied. This helps in maintaining transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Prakash Nagar 10th Cross St (Ward-23)?

The current guideline value of Prakash Nagar 10th Cross St (Ward-23) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an increase of 8%. There was no change from 2012 to 2023, where it remained at Rs 2,500 per sq.ft.

What is the land classification for Prakash Nagar 10th Cross St?

The land classification for Prakash Nagar 10th Cross St (Ward-23) is Residential Special Type - I, indicating its designation 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 property registrations in the area.

How is the stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at 7%.