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Guideline Value

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Guideline Value for Prakash Nagar 4th St, Ponniammanmedu (Ward-23)

₹2700/sq.ft.

The guideline value for Prakash Nagar 4th St, Ponniammanmedu (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 ₹1675 /sq.ft.
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 4th St, Ponniammanmedu (ward-23)

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Prakash Nagar 4th St, Ponniammanmedu (Ward-23) guideline value

The current guideline value of Prakash Nagar 4th 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 4th St, Ponniammanmedu (Ward-23) has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This was followed by a decrease in the 2017 revision, where the value dropped to Rs 1,675 per sq.ft, marking a decline of 33%. The most recent revision in 2024 saw a significant increase to Rs 2,700 per sq.ft, which represents a 61% rise from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, there is an increase of 8% in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 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, with a median value of Rs 1,600 per sq.ft. The guideline value of Prakash Nagar 4th St is above this median.

Stamp duty and registration fee for property in Prakash Nagar 4th St, Ponniammanmedu (Ward-23)

For a 1,000 sq.ft plot at the current rate, 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, totaling 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 further calculations.

Which Sub Registrar Office covers Prakash Nagar 4th St, Ponniammanmedu (Ward-23)?

The Sub Registrar Office that covers Prakash Nagar 4th 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

The guideline value is a critical factor during property registration in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Prakash Nagar 4th St, Ponniammanmedu (Ward-23)?

The current guideline value of Prakash Nagar 4th 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 seen several revisions, with the 2012 figure at Rs 2,500 per sq.ft, dropping to Rs 1,675 per sq.ft in 2017, and then rising to Rs 2,700 per sq.ft in 2024.

What is the land classification for Prakash Nagar 4th St?

The land classification for Prakash Nagar 4th St, Ponniammanmedu (Ward-23) is Residential Special Type - I.

What is the registration office for this area?

The registration office for Prakash Nagar 4th St, Ponniammanmedu (Ward-23) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated in Madhavaram?

Stamp duty in Madhavaram is calculated based on the guideline value or the sale price of the property, whichever is higher. It is typically set at 7% for stamp duty and 2% for the registration fee.