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Guideline Value

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Guideline Value for Saraswathi Nagar 3rd st ( Ward No.26 )

₹1300/sq.ft.

The guideline value for Saraswathi Nagar 3rd St ( Ward No.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 ₹1200 /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 Saraswathi Nagar 3rd St ( Ward No.26 )

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Saraswathi Nagar 3rd st ( Ward No.26 ) guideline value

The current guideline value for Saraswathi Nagar 3rd st ( Ward No.26 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Saraswathi Nagar 3rd st ( Ward No.26 ) has changed

The guideline value for Saraswathi Nagar 3rd st has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in 2023, and then further rose to Rs 1,300 per sq.ft in the 2024 revision. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 is an 8% increase. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for the village is Rs 1,600 per sq.ft, placing the 2024 guideline value of Saraswathi Nagar 3rd st below this median.

Stamp duty and registration fee for property in Saraswathi Nagar 3rd st ( Ward No.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, making the total cost for these fees Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Saraswathi Nagar 3rd st ( Ward No.26 )?

The Sub Registrar Office that covers Saraswathi Nagar 3rd st ( Ward No.26 ) 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 in the registration process of property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is taken into account to ensure that the appropriate fees are calculated based on either the guideline value or the sale price, whichever is higher. This ensures compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value for Saraswathi Nagar 3rd st?

The current guideline value for Saraswathi Nagar 3rd st ( Ward No.26 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

In recent years, the guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, marking an 8% increase. The value also increased significantly from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, a 49% increase.

What are the stamp duty rates for properties in Madhavaram?

The stamp duty rate for properties in Madhavaram is 7%, while the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price of the property.

Which office handles property registrations in Madhavaram?

The Madhavaram Sub Registrar Office handles property registrations in Madhavaram. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft. The guideline value for Saraswathi Nagar 3rd st is below this median at Rs 1,300 per sq.ft.