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Guideline Value

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Guideline Value for Prakash Nagar 11th Cross Street (Ward 23)

₹2700/sq.ft.

The guideline value for Prakash Nagar 11th Cross Street (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 11th Cross Street (ward 23)

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Prakash Nagar 11th Cross Street (Ward 23) guideline value

The current guideline value of Prakash Nagar 11th Cross Street (Ward 23) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Special Type - I.

How the guideline value of Prakash Nagar 11th Cross Street (Ward 23) has changed

The guideline value for Prakash Nagar 11th Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained the same in the 2023 revision. However, the 2024 revision increased the guideline value to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 8%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street.

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 the current value of Prakash Nagar 11th Cross Street above this median.

Stamp duty and registration fee for property in Prakash Nagar 11th Cross Street (Ward 23)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. 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 Prakash Nagar 11th Cross Street (Ward 23)?

The Sub Registrar Office that covers Prakash Nagar 11th Cross Street (Ward 23) 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 during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Prakash Nagar 11th Cross Street?

The current guideline value of Prakash Nagar 11th Cross Street (Ward 23) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

From the 2012 revision to the 2023 revision, the guideline value remained at Rs 2,500 per sq.ft. However, the 2024 revision increased it to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

What is the land classification of Prakash Nagar 11th Cross Street?

Prakash Nagar 11th Cross Street is classified as Residential Special Type - I under the Madhavaram SRO.

What is the stamp duty rate in Madhavaram?

The stamp duty rate in Madhavaram is 7% on the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details through the provided link to locate your SRO.