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Guideline Value

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Guideline Value for RC Queens Park,182E,MRH Road (Ward-18)

₹3300/sq.ft.

The guideline value for Rc Queens Park,182e,mrh Road (ward-18) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /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 ₹3000 /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 Rc Queens Park,182e,mrh Road (ward-18)

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RC Queens Park,182E,MRH Road (Ward-18) guideline value

The current guideline value for RC Queens Park,182E,MRH Road (Ward-18) is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of RC Queens Park,182E,MRH Road (Ward-18) has changed

The guideline value for RC Queens Park,182E,MRH Road (Ward-18) has seen several revisions over the years. The earliest revision available is from 2012, where the guideline value was Rs 3,000 per sq.ft. This figure increased to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the 2012 figure.

There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. Therefore, the only available revisions are from 2012 and 2024, showing a clear increase over this period.

Guideline values in Madhavaram

In Madhavaram, the guideline values range from Rs 1,300 to Rs 7,500 per sq.ft as of 2024, with a median value of Rs 1,600 per sq.ft. The guideline value for RC Queens Park,182E,MRH Road (Ward-18) is above this median, indicating a higher valuation compared to many other streets in the area.

Stamp duty and registration fee for property in RC Queens Park,182E,MRH Road (Ward-18)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, the total fees would amount to Rs 2,97,000. Please 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 information.

Which Sub Registrar Office covers RC Queens Park,182E,MRH Road (Ward-18)?

The Sub Registrar Office that covers RC Queens Park,182E,MRH Road (Ward-18) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value plays a crucial role during 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 recorded accurately.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for RC Queens Park,182E,MRH Road (Ward-18)?

The current guideline value for RC Queens Park,182E,MRH Road (Ward-18) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for this property increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, which is a 10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for RC Queens Park,182E,MRH Road (Ward-18)?

The land classification for RC Queens Park,182E,MRH Road (Ward-18) is Commercial Class I Type - I. This classification indicates the type of use permitted for the property.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. The duty is charged on the higher of the guideline value or the sale price.

Which office handles registration for this property?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, handles the registration for RC Queens Park,182E,MRH Road (Ward-18).