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Guideline Value for Prakash Nagar 11th St, Ponniammanmedu (Ward-23)

₹2700/sq.ft.

The guideline value for Prakash Nagar 11th St, Ponniammanmedu (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 St, Ponniammanmedu (ward-23)

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Prakash Nagar 11th St, Ponniammanmedu (Ward-23) guideline value

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

How the guideline value of Prakash Nagar 11th St, Ponniammanmedu (Ward-23) has changed

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

It is important to note that the register does not contain figures for the years 2002, 2003, 2007, and 2017 for this street. Thus, the only revisions available are from 2012, 2023, and 2024, showing an overall increase of 8% from the 2012 revision to the 2024 revision.

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 value for these streets is Rs 1,600 per sq.ft, making the 2024 guideline value of Prakash Nagar 11th St above this median.

Stamp duty and registration fee for property in Prakash Nagar 11th St, Ponniammanmedu (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 amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Prakash Nagar 11th St, Ponniammanmedu (Ward-23)?

The Sub Registrar Office that covers Prakash Nagar 11th St, Ponniammanmedu (Ward-23) 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

When buying or selling property in Madhavaram, the guideline value plays a crucial role in determining the amount of stamp duty and registration fees that need to be paid. The guideline value is set by the government and is used as a reference point for property transactions.

During the registration process, the higher of the guideline value and the actual sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value for Prakash Nagar 11th St, Ponniammanmedu (Ward-23)?

The current guideline value for Prakash Nagar 11th St, Ponniammanmedu (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 for Prakash Nagar 11th St has increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8% over this period.

What is the land classification for Prakash Nagar 11th St?

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

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Madhavaram?

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