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Guideline Value

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Guideline Value for Sasthri nagar Main Road ( Ward No.1 )

₹2700/sq.ft.

The guideline value for Sasthri Nagar Main Road ( Ward No.1 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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 Sasthri Nagar Main Road ( Ward No.1 )

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Sasthri nagar Main Road ( Ward No.1 ) guideline value

The current guideline value of Sasthri nagar Main Road ( Ward No.1 ) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Special Type - I.

How the guideline value of Sasthri nagar Main Road ( Ward No.1 ) has changed

Over the years, the guideline value has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was later reduced to Rs 1,675 per sq.ft in the 2017 revision. However, the most recent 2024 revision has increased the guideline value to Rs 2,700 per sq.ft, marking a significant increase of 61% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 8%.

It is important to note that there are no recorded figures for the years 2023, 2007, 2003, and 2002 for this street. This means that the changes in guideline value have only been documented for the years 2012, 2017, and 2024.

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, with a median value of Rs 1,600 per sq.ft. The guideline value of Rs 2,700 per sq.ft for Sasthri nagar Main Road ( Ward No.1 ) is above this median.

Stamp duty and registration fee for property in Sasthri nagar Main Road ( Ward No.1 )

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sasthri nagar Main Road ( Ward No.1 )?

The Sub Registrar Office that covers Sasthri nagar Main Road ( Ward No.1 ) 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 when buying or selling property in Madhavaram. It serves as a reference point for calculating stamp duty and registration fees, ensuring that transactions are recorded at a fair value.

When a property is sold, the guideline value is used to determine the applicable fees, which can vary depending on the property's size and location. Buyers and sellers should be aware of these values to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Sasthri nagar Main Road ( Ward No.1 )?

The current guideline value of Sasthri nagar Main Road ( Ward No.1 ) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,700 per sq.ft in 2024. This reflects a 61% increase from 2017 to 2024.

What is the land classification of Sasthri nagar Main Road ( Ward No.1 )?

Sasthri nagar Main Road ( Ward No.1 ) is classified as Residential Special Type - I.

What is the registration office for Sasthri nagar Main Road ( Ward No.1 )?

The registration office for Sasthri nagar Main Road ( Ward No.1 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Sasthri nagar Main Road ( Ward No.1 )?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at the rate of 7%.