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Guideline Value

Corporate

Guideline Value for Sadhanandan Road (Periya Sekkadu)

₹1300/sq.ft.

The guideline value for Sadhanandan Road (periya Sekkadu) 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 Sadhanandan Road (periya Sekkadu)

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Sadhanandan Road (Periya Sekkadu) guideline value

The current guideline value of Sadhanandan Road (Periya Sekkadu) is Rs 1,300 per sq.ft, effective from 1 July 2024. This road is located in Madhavaram village and falls under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Sadhanandan Road (Periya Sekkadu) has changed

The guideline value for Sadhanandan Road (Periya Sekkadu) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, an increase of 8% from the 2023 revision of Rs 1,200 per sq.ft. The previous revision in 2017 recorded a guideline value of Rs 804 per sq.ft, marking a significant increase of 49% to 2023. Overall, from 2017 to 2024, the guideline value has risen by 62%.

The register has no 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 have a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Sadhanandan Road (Periya Sekkadu) is below this median.

Stamp duty and registration fee for property in Sadhanandan Road (Periya Sekkadu)

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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sadhanandan Road (Periya Sekkadu)?

The Sub Registrar Office that covers Sadhanandan Road (Periya Sekkadu) 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 plays a crucial role during property registration in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Sadhanandan Road (Periya Sekkadu)?

The current guideline value of Sadhanandan Road (Periya Sekkadu) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 62% over this period. The value rose by 49% from 2017 to 2023 and by 8% from 2023 to 2024.

What is the land classification for Sadhanandan Road (Periya Sekkadu)?

Sadhanandan Road (Periya Sekkadu) is classified as Residential Class III Type - I. This classification is important for determining the applicable guidelines and regulations for property transactions.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in the area is 7%. This fee is calculated based on the higher of the guideline value or the sale price of the property.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the Madhavaram area.