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Guideline Value

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Guideline Value for Scavanger's Colony 1st Main Road ( Ward No.7 )

₹1300/sq.ft.

The guideline value for Scavanger's Colony 1st Main Road ( Ward No.7 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. 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 N/A
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 Scavanger's Colony 1st Main Road ( Ward No.7 )

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Scavanger's Colony 1st Main Road ( Ward No.7 ) guideline value

The current guideline value of Scavanger's Colony 1st Main Road ( Ward No.7 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Scavanger's Colony 1st Main Road ( Ward No.7 ) has changed

The guideline value for Scavanger's Colony 1st Main Road has seen changes over the years, with the earliest revision recorded in 2012 at Rs 1,200 per sq.ft. The most recent revision in 2024 increased the guideline value to Rs 1,300 per sq.ft, marking an increase of 8% from the 2012 figure.

The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street, indicating that no revisions were recorded during those years. Therefore, the only changes noted are from the 2012 revision to the 2024 revision.

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 as of 2024. The median guideline value in this area is Rs 1,600 per sq.ft, making the current value of Scavanger's Colony 1st Main Road below the median.

Stamp duty and registration fee for property in Scavanger's Colony 1st Main Road ( Ward No.7 )

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 cost for these fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Scavanger's Colony 1st Main Road ( Ward No.7 )?

The Sub Registrar Office that covers Scavanger's Colony 1st Main Road ( Ward No.7 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, within the Chennai registration zone. 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 when buying or selling property in Madhavaram, as it determines the minimum value at which property transactions must be registered. This value is used to calculate stamp duty and registration fees, ensuring that the transaction is legally recognized and recorded.

When engaging in property transactions, buyers and sellers must consider the guideline value to avoid any discrepancies during registration. It is crucial to be aware of the current guideline value to ensure compliance with local regulations and to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Scavanger's Colony 1st Main Road ( Ward No.7 )?

The current guideline value of Scavanger's Colony 1st Main Road ( 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 changed from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, which is an increase of 8%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification of Scavanger's Colony 1st Main Road?

Scavanger's Colony 1st Main Road falls under the Residential Class III Type - I land classification. This classification is important for determining the permissible uses of the land.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000. The duty is charged on the higher of the guideline value and the sale price.

Which office handles registrations for Scavanger's Colony 1st Main Road?

The Madhavaram Sub Registrar Office handles registrations for Scavanger's Colony 1st Main Road ( Ward No.7 ). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.