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Guideline Value for Scavanger's Colony Main Road 2nd st, (Burial Ground) ( Ward No.7 )

₹1300/sq.ft.

The guideline value for Scavanger's Colony Main Road 2nd St, (burial Ground) ( 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 Main Road 2nd St, (burial Ground) ( Ward No.7 )

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Scavanger's Colony Main Road 2nd st, (Burial Ground) ( Ward No.7 ) guideline value

The current guideline value of Scavanger's Colony Main Road 2nd st, (Burial Ground) ( 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 Main Road 2nd st, (Burial Ground) ( Ward No.7 ) has changed

The guideline value for Scavanger's Colony Main Road 2nd st has undergone several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision. However, the most recent revision in 2024 saw an increase to Rs 1,300 per sq.ft, marking a 62% rise from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 8%.

The register has no figures for the years 2002, 2003, 2007, and 2023 for this street. Therefore, the only figures available are from the revisions in 2012, 2017, and 2024.

Guideline values in Madhavaram

In Madhavaram, there are a total of 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 guideline value of Scavanger's Colony Main Road 2nd st is below that median.

Stamp duty and registration fee for property in Scavanger's Colony Main Road 2nd st, (Burial Ground) ( 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 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.

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

Which Sub Registrar Office covers Scavanger's Colony Main Road 2nd st, (Burial Ground) ( Ward No.7 )?

The Sub Registrar Office that covers Scavanger's Colony Main Road 2nd st, (Burial Ground) ( 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

When buying or selling property in Madhavaram, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and serves as a benchmark for property transactions in the area.

At the time of registration, the stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Scavanger's Colony Main Road 2nd st?

The current guideline value of Scavanger's Colony Main Road 2nd st, (Burial Ground) ( 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 changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,300 per sq.ft in 2024. This represents a 62% increase from 2017 to 2024.

What is the land classification of Scavanger's Colony Main Road 2nd st?

Scavanger's Colony Main Road 2nd st is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Scavanger's Colony Main Road 2nd st is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

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 the guideline value is Rs 13,00,000, the stamp duty would be calculated on that amount or the sale price, whichever is higher.