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Guideline Value

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Guideline Value for Pukraj Nagar 2nd St (Ward-14)

₹2200/sq.ft.

The guideline value for Pukraj Nagar 2nd St (ward-14) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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 Pukraj Nagar 2nd St (ward-14)

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Pukraj Nagar 2nd St (Ward-14) guideline value

The current guideline value of Pukraj Nagar 2nd St (Ward-14) is Rs 2,200 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 Class I Type - I.

How the guideline value of Pukraj Nagar 2nd St (Ward-14) has changed

Over the years, the guideline value of Pukraj Nagar 2nd St has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,340 per sq.ft. The value then increased to Rs 2,000 per sq.ft in 2012 and further rose to Rs 2,000 per sq.ft in the 2023 revision. The latest revision in 2024 has increased the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 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. The median value among these streets is Rs 1,600 per sq.ft, placing Pukraj Nagar 2nd St (Ward-14) above the median with its 2024 figure of Rs 2,200 per sq.ft.

Stamp duty and registration fee for property in Pukraj Nagar 2nd St (Ward-14)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. 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 Pukraj Nagar 2nd St (Ward-14)?

The Sub Registrar Office that covers Pukraj Nagar 2nd St (Ward-14) 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 is a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Pukraj Nagar 2nd St (Ward-14)?

The current guideline value of Pukraj Nagar 2nd St (Ward-14) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2012 revision at Rs 2,000 per sq.ft, followed by Rs 1,340 per sq.ft in 2017, and Rs 2,000 per sq.ft in 2023. The latest revision in 2024 has increased it to Rs 2,200 per sq.ft.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft, while Pukraj Nagar 2nd St (Ward-14) is above this median with its 2024 figure of Rs 2,200 per sq.ft.

What are the stamp duty and registration fees for property in Pukraj Nagar 2nd St (Ward-14)?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. This is calculated based on the guideline value.

Which office handles the registration for Pukraj Nagar 2nd St (Ward-14)?

The Madhavaram Sub Registrar Office handles the registration for Pukraj Nagar 2nd St (Ward-14), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.