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Guideline Value

Corporate

Guideline Value for Sadantha Salai, Lakshmipuram (Ward-26)

₹1300/sq.ft.

The guideline value for Sadantha Salai, Lakshmipuram (ward-26) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Sadantha Salai, Lakshmipuram (ward-26)

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Sadantha Salai, Lakshmipuram (Ward-26) guideline value

The current guideline value of Sadantha Salai, Lakshmipuram (Ward-26) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street falls under Madhavaram village and the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Sadantha Salai, Lakshmipuram (Ward-26) has changed

The guideline value for Sadantha Salai has seen several revisions over the years. The 2017 revision recorded a value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in 2023. The most recent 2024 revision has set the value at Rs 1,300 per sq.ft, marking an increase of 8% from the previous year.

Overall, the guideline value has risen by 62% from the 2017 figure to the current 2024 value. It is important to note that the register does not contain figures for the years 2002, 2003, 2007, and 2012 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 guideline value for these streets is Rs 1,600 per sq.ft, placing Sadantha Salai's 2024 figure below this median.

Stamp duty and registration fee for property in Sadantha Salai, Lakshmipuram (Ward-26)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sadantha Salai, Lakshmipuram (Ward-26)?

The Sub Registrar Office that covers Sadantha Salai, Lakshmipuram (Ward-26) 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 is a crucial factor during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, 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 appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sadantha Salai, Lakshmipuram (Ward-26)?

The current guideline value of Sadantha Salai, Lakshmipuram (Ward-26) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 62%, from Rs 804 per sq.ft to Rs 1,300 per sq.ft in 2024.

What is the registration fee for property in Sadantha Salai?

The registration fee for property in Sadantha Salai is 2% of the guideline value or sale price, whichever is higher. For example, on a property valued at Rs 13,00,000, the registration fee would be Rs 26,000.

Which office handles property registrations for Sadantha Salai?

The Madhavaram Sub Registrar Office handles property registrations for Sadantha Salai, Lakshmipuram (Ward-26). The office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated in Madhavaram?

Stamp duty in Madhavaram is calculated at 7% of the higher value between the guideline value and the sale price of the property. This ensures that the correct amount is collected based on the property's worth.