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Guideline Value for Prakash Nagar 12th St, Ponniammanmedu (Ward-23)

₹2700/sq.ft.

The guideline value for Prakash Nagar 12th 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 12th St, Ponniammanmedu (ward-23)

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Prakash Nagar 12th St, Ponniammanmedu (Ward-23) guideline value

The current guideline value for Prakash Nagar 12th 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. The land classification for this area is Residential Special Type - I.

How the guideline value of Prakash Nagar 12th St, Ponniammanmedu (Ward-23) has changed

The guideline value for Prakash Nagar 12th St, Ponniammanmedu has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an increase of 8% from the 2023 revision, which was Rs 2,500 per sq.ft. Prior to that, the 2012 revision also listed the value at Rs 2,500 per sq.ft, indicating no change from 2012 to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 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 in this area is Rs 1,600 per sq.ft, placing Prakash Nagar 12th St, Ponniammanmedu's 2024 figure above this median.

Stamp duty and registration fee for property in Prakash Nagar 12th St, Ponniammanmedu (Ward-23)

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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 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 information.

Which Sub Registrar Office covers Prakash Nagar 12th St, Ponniammanmedu (Ward-23)?

The Sub Registrar Office that covers Prakash Nagar 12th 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 details.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value is a crucial factor during the registration process of property transactions. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in Madhavaram.

When a property is sold, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the prevailing market conditions as reflected in the guideline values.

Frequently asked questions

What is the current guideline value for Prakash Nagar 12th St, Ponniammanmedu?

The current guideline value for Prakash Nagar 12th 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 has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. There was no change in the value from 2012 to 2023, where it remained at Rs 2,500 per sq.ft.

What is the land classification for Prakash Nagar 12th St?

The land classification for Prakash Nagar 12th St, Ponniammanmedu is Residential Special Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 27,00,000, the stamp duty is Rs 1,89,000 and the registration fee is Rs 54,000, totaling Rs 2,43,000. The duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for this area located?

The Sub Registrar Office covering Prakash Nagar 12th St, Ponniammanmedu is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.