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Guideline Value

Corporate

Guideline Value for Sathyamoorthy st ( Ward No.29 )

₹1300/sq.ft.

The guideline value for Sathyamoorthy St ( Ward No.29 ) 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 ( Ward No.29 )

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Sathyamoorthy st ( Ward No.29 ) guideline value

The current guideline value of Sathyamoorthy st ( Ward No.29 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Sathyamoorthy st ( Ward No.29 ) has changed

The guideline value for Sathyamoorthy st ( Ward No.29 ) has seen a revision from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, marking an increase of 8%. Prior to this, the guideline value remained unchanged at Rs 1,200 per sq.ft from the 2012 revision to the 2023 revision. The register has no figures for the years 2017, 2007, 2003, and 2002 for this street.

Overall, comparing the 2012 revision to the 2024 revision, there is an increase of 8% in the guideline value. The 2024 figure of Rs 1,300 per sq.ft is below the median value of Rs 1,600 per sq.ft for other streets in Madhavaram under the Madhavaram SRO.

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. The median value is Rs 1,600 per sq.ft, placing Sathyamoorthy st ( Ward No.29 ) below this median.

Stamp duty and registration fee for property in Sathyamoorthy st ( Ward No.29 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total 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 higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sathyamoorthy st ( Ward No.29 )?

The Sathyamoorthy st ( Ward No.29 ) falls under 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 an essential factor during the registration of property in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees, which are mandatory costs associated with property transactions. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sathyamoorthy st ( Ward No.29 )?

The current guideline value of Sathyamoorthy st ( Ward No.29 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, which is an 8% increase. There were no figures available for the years 2017, 2007, 2003, and 2002.

What is the classification of Sathyamoorthy st ( Ward No.29 )?

Sathyamoorthy st ( Ward No.29 ) is classified as Residential Class III Type - I under the Madhavaram SRO.

What is the registration office for Sathyamoorthy st ( Ward No.29 )?

The registration office for Sathyamoorthy st ( Ward No.29 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a 1,000 sq.ft plot at Rs 1,300 per sq.ft, the total guideline value is Rs 13,00,000, leading to a stamp duty of Rs 91,000 and a registration fee of Rs 26,000.