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Guideline Value

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Guideline Value for Scavanger's Colony 3rd st ( Ward No.7 )

₹1300/sq.ft.

The guideline value for Scavanger's Colony 3rd St ( 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 ₹804 /sq.ft.
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 3rd St ( Ward No.7 )

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Scavanger's Colony 3rd st ( Ward No.7 ) guideline value

The current guideline value for Scavanger's Colony 3rd st ( 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 is classified as Residential Class III Type - I.

How the guideline value of Scavanger's Colony 3rd st ( Ward No.7 ) has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The most recent revision in 2024 saw an increase to Rs 1,300 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2023.

Comparing the revisions, there was a significant increase of 62% from 2017 to 2024. However, there was a decrease of 33% from 2012 to 2017. 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 that carry a 2024 guideline value ranging 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 Scavanger's Colony 3rd st is below this median.

Stamp duty and registration fee for property in Scavanger's Colony 3rd st ( 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, making the total fees Rs 1,17,000. Duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Scavanger's Colony 3rd st ( Ward No.7 )?

The Sub Registrar Office that covers Scavanger's Colony 3rd st ( 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 crucial factor during the registration process of property transactions in Madhavaram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these fees are based on a standardized property valuation.

When buying or selling property, the guideline value is compared to the actual sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Scavanger's Colony 3rd st ( Ward No.7 )?

The current guideline value for Scavanger's Colony 3rd st ( 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 has seen several changes, with the most recent being an increase from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024. The value was Rs 1,200 per sq.ft in 2012.

What are the other streets in Madhavaram with the same guideline value?

Other streets in Madhavaram with a guideline value of Rs 1,300 per sq.ft include Scavanger's Colony 1st st, Scavanger's Colony 2nd st, Scavanger's Colony Main Road 2nd st (Burial Ground), Scavanger's Colony 1st Main Road, and Sathya Sai Nagar Rd.

Where is the Madhavaram Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Scavanger's Colony 3rd st ( Ward No.7 )?

Stamp duty for properties in Scavanger's Colony 3rd st is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000.