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Guideline Value

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Guideline Value for Prakash Nagar 6th St,Ponniammanmedu (Ward-23)

₹2700/sq.ft.

The guideline value for Prakash Nagar 6th 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 ₹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 6th St,ponniammanmedu (ward-23)

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Prakash Nagar 6th St,Ponniammanmedu (Ward-23) guideline value

The current guideline value of Prakash Nagar 6th 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 6th St,Ponniammanmedu (Ward-23) has changed

The guideline value for Prakash Nagar 6th St, Ponniammanmedu has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. In 2023, the value increased to Rs 2,500 per sq.ft, and as of the 2024 revision, it stands at Rs 2,700 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, the guideline value saw a significant increase of 49%. The transition from 2023 to 2024 reflects an 8% increase. Overall, when comparing the figures from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Prakash Nagar 6th St, Ponniammanmedu above this median at Rs 2,700 per sq.ft.

Stamp duty and registration fee for property in Prakash Nagar 6th St,Ponniammanmedu (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, charged at 7%, would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration fee would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Prakash Nagar 6th St,Ponniammanmedu (Ward-23)?

The Sub Registrar Office that covers Prakash Nagar 6th St, Ponniammanmedu (Ward-23) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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 registration fees and stamp duty payable. The guideline value is set by the registration department and is used as a reference point for transactions in the area.

It is essential for buyers and sellers to be aware of the current guideline value to ensure that they comply with the legal requirements during the registration process. This value helps in assessing the accurate fees that need to be paid to the government during property transactions.

Frequently asked questions

What is the current guideline value of Prakash Nagar 6th St, Ponniammanmedu?

The current guideline value of Prakash Nagar 6th 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 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft in 2024.

What is the land classification for Prakash Nagar 6th St?

The land classification for Prakash Nagar 6th St, Ponniammanmedu is Residential Special Type - I.

What are the other streets in Madhavaram with the same guideline value?

Other streets in Madhavaram that share the same guideline value of Rs 2,700 per sq.ft include Prakash Nagar 6th Cross Street, Prakash Nagar 7th Cross Street, Prakash Nagar 5th Street, Prakash Nagar 7th St, Ponniammanmedu, Prakash Nagar 5th Cross Street, and Prakash Nagar 8th Cross Street.

How is stamp duty calculated for properties in Prakash Nagar 6th St?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,89,000.