Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Sathya Sai Nagar Rd ( Ward No.7 )

₹1300/sq.ft.

The guideline value for Sathya Sai Nagar Rd ( Ward No.7 ) 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 N/A
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 Sathya Sai Nagar Rd ( Ward No.7 )

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sathya Sai Nagar Rd ( Ward No.7 ) guideline value

The current guideline value of Sathya Sai Nagar Rd ( Ward No.7 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This road is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Sathya Sai Nagar Rd ( Ward No.7 ) has changed

The guideline value for Sathya Sai Nagar Rd ( Ward No.7 ) has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the value was set at Rs 1,200 per sq.ft, which was then increased to Rs 1,300 per sq.ft in the 2024 revision, reflecting an 8% rise.

Prior to the 2023 revision, there are no available figures for this street in the register. The current guideline value of Rs 1,300 per sq.ft is now established as the latest figure following the 2024 revision.

Guideline values in Madhavaram

In Madhavaram, the guideline values for 1946 streets under the Madhavaram SRO range 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 Sathya Sai Nagar Rd ( Ward No.7 ) is below this median.

Stamp duty and registration fee for property in Sathya Sai Nagar Rd ( Ward No.7 )

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the 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 more details.

Which Sub Registrar Office covers Sathya Sai Nagar Rd ( Ward No.7 )?

The Sub Registrar Office covering Sathya Sai Nagar Rd ( Ward No.7 ) 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 is a critical factor when registering properties in Madhavaram. It serves as a benchmark for determining the minimum price at which a property can be sold or bought, ensuring transparency in the transaction process.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that buyers should be aware of the guideline values in their area to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sathya Sai Nagar Rd ( Ward No.7 )?

The current guideline value of Sathya Sai Nagar Rd ( Ward No.7 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sathya Sai Nagar Rd ( Ward No.7 ) was Rs 1,200 per sq.ft in 2023 and increased to Rs 1,300 per sq.ft in 2024, reflecting an 8% rise. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Madhavaram?

Other streets in Madhavaram have varying guideline values, with rates for 2024 starting at Rs 1,300 per sq.ft. The median value for the area is Rs 1,600 per sq.ft.

What fees are associated with property registration in Sathya Sai Nagar Rd ( Ward No.7 )?

When registering a property in Sathya Sai Nagar Rd ( Ward No.7 ), the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,17,000.

Where can I find the Sub Registrar Office for Sathya Sai Nagar Rd ( Ward No.7 )?

The Sub Registrar Office for Sathya Sai Nagar Rd ( Ward No.7 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.