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Guideline Value

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Guideline Value for Sathyamoorthy St, Ponniammanmedu (Ward-22)

₹1300/sq.ft.

The guideline value for Sathyamoorthy St, Ponniammanmedu (ward-22) 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 ₹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 Sathyamoorthy St, Ponniammanmedu (ward-22)

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Sathyamoorthy St, Ponniammanmedu (Ward-22) guideline value

The current guideline value of Sathyamoorthy St, Ponniammanmedu (Ward-22) 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, with a land classification of Residential Class III Type - I.

How the guideline value of Sathyamoorthy St, Ponniammanmedu (Ward-22) has changed

The guideline value for Sathyamoorthy St, Ponniammanmedu has seen several revisions over the years. The 2012 revision recorded a value of Rs 1,200 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the guideline value was updated to Rs 1,200 per sq.ft. The most recent revision in 2024 increased this value to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 8%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

In Madhavaram village, 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. The median guideline value in this area is Rs 1,600 per sq.ft, indicating that the 2024 figure for Sathyamoorthy St, Ponniammanmedu is below this median.

Stamp duty and registration fee for property in Sathyamoorthy St, Ponniammanmedu (Ward-22)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, leading to a total of 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathyamoorthy St, Ponniammanmedu (Ward-22)?

The Sathyamoorthy St, Ponniammanmedu (Ward-22) falls under 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 factor in the registration process when buying or selling property in Madhavaram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that property transactions are recorded at a fair value.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sathyamoorthy St, Ponniammanmedu?

The current guideline value of Sathyamoorthy St, Ponniammanmedu (Ward-22) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased by 8%, moving from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024. There was no change from 2012 to 2023.

What is the land classification for Sathyamoorthy St, Ponniammanmedu?

Sathyamoorthy St, Ponniammanmedu is classified as Residential Class III Type - I, indicating its use for residential purposes.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if a property has a guideline value of Rs 13,00,000, the stamp duty would be calculated on this amount if it is higher than the sale price.