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Guideline Value

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Guideline Value for Prakash Nagar 3rd Cross Street (Ward 23)

₹2700/sq.ft.

The guideline value for Prakash Nagar 3rd Cross Street (ward 23) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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 3rd Cross Street (ward 23)

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Prakash Nagar 3rd Cross Street (Ward 23) guideline value

The current guideline value of Prakash Nagar 3rd Cross Street (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 3rd Cross Street (Ward 23) has changed

The guideline value register does not provide figures for Prakash Nagar 3rd Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,700 per sq.ft.

Since there are no previous figures for this street in the register, there have been no changes recorded between revisions. The 2024 figure stands alone as the current guideline value.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with a 2024 guideline value range 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 3rd Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in Prakash Nagar 3rd 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, and the registration fee at 2% would be Rs 54,000, resulting in a total of Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Prakash Nagar 3rd Cross Street (Ward 23)?

The Sub Registrar Office that covers Prakash Nagar 3rd Cross Street (Ward 23) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Madhavaram. It serves as the basis for calculating the stamp duty and registration fees that are required when buying or selling property.

When a property is registered, the higher value between the guideline value and the sale price is used to determine the applicable duties. This ensures that the government receives the appropriate fees based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Prakash Nagar 3rd Cross Street (Ward 23)?

The current guideline value of Prakash Nagar 3rd Cross Street (Ward 23) is Rs 2,700 per sq.ft, effective from 1 July 2024.

What is the land classification for Prakash Nagar 3rd Cross Street (Ward 23)?

The land classification for Prakash Nagar 3rd Cross Street (Ward 23) is Residential Special Type - I.

What are the guideline values for other streets in Madhavaram?

Other streets in Madhavaram under the Madhavaram SRO have a guideline value of Rs 2,700 per sq.ft for 2024. This includes Prakash Nagar 3rd Main Road, Prakash Nagar 2nd St, Prakash Nagar 3rd St, Prakash Nagar 2nd Main Road, Prakash Nagar 2nd Cross Street, and Prakash Nagar 4th Cross Street.

How is stamp duty calculated for properties in Prakash Nagar 3rd Cross Street (Ward 23)?

Stamp duty for properties in Prakash Nagar 3rd Cross Street (Ward 23) is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the same value.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.