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Guideline Value

Corporate

Guideline Value for Sasthri nagar Burial Ground rd ( Ward No.1 )

₹2700/sq.ft.

The guideline value for Sasthri Nagar Burial Ground Rd ( Ward No.1 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. 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 ₹2500 /sq.ft.
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 Burial Ground Rd ( Ward No.1 )

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Sasthri nagar Burial Ground rd ( Ward No.1 ) guideline value

The current guideline value for Sasthri nagar Burial Ground rd ( 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 Burial Ground rd ( Ward No.1 ) has changed

The guideline value for Sasthri nagar Burial Ground rd has seen several revisions over the years. In the 2012 revision, the value was set at Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,700 per sq.ft in the 2024 revision, which represents an 8% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been an 8% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 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, with a median value of Rs 1,600 per sq.ft. The guideline value for Sasthri nagar Burial Ground rd is above this median.

Stamp duty and registration fee for property in Sasthri nagar Burial Ground rd ( Ward No.1 )

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration fee would be Rs 2,43,000. 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 Sasthri nagar Burial Ground rd ( Ward No.1 )?

The Sub Registrar Office that covers Sasthri nagar Burial Ground rd ( 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 details.

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

The guideline value is a crucial reference point when buying or selling property in Madhavaram. It is used to determine the stamp duty and registration fees applicable during the registration process.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions as per the official register. This process is essential for maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Sasthri nagar Burial Ground rd?

The current guideline value for Sasthri nagar Burial Ground rd ( 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, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for Sasthri nagar Burial Ground rd?

The land classification for Sasthri nagar Burial Ground rd ( Ward No.1 ) is Residential Special Type - I.

What is the stamp duty for property in Sasthri nagar Burial Ground rd?

The stamp duty for property in Sasthri nagar Burial Ground rd is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sasthri nagar Burial Ground rd located?

The Sub Registrar Office for Sasthri nagar Burial Ground rd is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.