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Guideline Value for Sastri Nagar Ext,Ponniammanmedu (Ward-24)

₹2700/sq.ft.

The guideline value for Sastri Nagar Ext,ponniammanmedu (ward-24) 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 Sastri Nagar Ext,ponniammanmedu (ward-24)

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Sastri Nagar Ext,Ponniammanmedu (Ward-24) guideline value

The current guideline value of Sastri Nagar Ext, Ponniammanmedu (Ward-24) is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is classified under Residential Special Type - I and falls under the Madhavaram Sub Registrar Office (SRO) in Chennai zone.

How the guideline value of Sastri Nagar Ext,Ponniammanmedu (Ward-24) has changed

Since the 2012 revision, the guideline value has changed several times. In 2012, the guideline value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 2,500 per sq.ft. The current value, effective from 1 July 2024, is Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. 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 value is Rs 1,600 per sq.ft, and Sastri Nagar Ext, Ponniammanmedu (Ward-24) is above this median.

Stamp duty and registration fee for property in Sastri Nagar Ext,Ponniammanmedu (Ward-24)

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, totaling Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sastri Nagar Ext,Ponniammanmedu (Ward-24)?

The Sastri Nagar Ext, Ponniammanmedu (Ward-24) is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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 minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price, and the higher value is used to calculate the applicable duties and fees. This practice helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sastri Nagar Ext, Ponniammanmedu (Ward-24)?

The current guideline value of Sastri Nagar Ext, Ponniammanmedu (Ward-24) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen several revisions. It was Rs 2,500 per sq.ft in 2012, decreased to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,500 per sq.ft in 2023. The current value is Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

What is the land classification for Sastri Nagar Ext, Ponniammanmedu (Ward-24)?

The land classification for Sastri Nagar Ext, Ponniammanmedu (Ward-24) is Residential Special Type - I, which indicates the type of development permitted in this area.

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

The stamp duty rate for property transactions in Sastri Nagar Ext, Ponniammanmedu (Ward-24) is 7%. This is applied to the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Sastri Nagar Ext, Ponniammanmedu (Ward-24) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information by visiting the appropriate link.