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Guideline Value

Corporate

Guideline Value for Pukraj Nagar 6th St (Ward-14)

₹2200/sq.ft.

The guideline value for Pukraj Nagar 6th 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 N/A
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 6th St (ward-14)

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Pukraj Nagar 6th St (Ward-14) guideline value

The current guideline value of Pukraj Nagar 6th St (Ward-14) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Pukraj Nagar 6th St (Ward-14) has changed

Looking at the revisions, the guideline value for Pukraj Nagar 6th St (Ward-14) was Rs 2,000 per sq.ft in 2012 and remained the same until the 2023 revision. In 2023, it was revised to Rs 2,000 per sq.ft, and then increased to Rs 2,200 per sq.ft in 2024, marking a 10% increase. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The change from 2023 to 2024 reflects a 10% rise, indicating a significant adjustment in the valuation of this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with a guideline value range from Rs 1,300 to Rs 7,500 per sq.ft. The median value is Rs 1,600 per sq.ft, placing the current guideline value of Pukraj Nagar 6th St (Ward-14) above this median.

Stamp duty and registration fee for property in Pukraj Nagar 6th St (Ward-14)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to 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, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pukraj Nagar 6th St (Ward-14)?

The Sub Registrar Office that covers Pukraj Nagar 6th St (Ward-14) 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 crucial factor in the registration process for property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue based on the actual value of the transaction.

Frequently asked questions

What is the current guideline value of Pukraj Nagar 6th St (Ward-14)?

The current guideline value of Pukraj Nagar 6th 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 seen a 10% increase from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024. There were no changes recorded for the years 2002, 2003, 2007, and 2017.

What are the stamp duty and registration fees for property in Pukraj Nagar 6th St (Ward-14)?

For a 1,000 sq.ft plot, the guideline value is Rs 22,00,000. The stamp duty at 7% is Rs 1,54,000, and the registration fee at 2% is Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Pukraj Nagar 6th St (Ward-14)?

The Madhavaram Sub Registrar Office handles registrations for Pukraj Nagar 6th St (Ward-14). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher value is used for calculating the applicable duties.