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Guideline Value

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Guideline Value for Secretariat Colony 11th Cross St ( Ward No.29 )

₹2200/sq.ft.

The guideline value for Secretariat Colony 11th Cross St ( Ward No.29 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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 Secretariat Colony 11th Cross St ( Ward No.29 )

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Secretariat Colony 11th Cross St ( Ward No.29 ) guideline value

The current guideline value of Secretariat Colony 11th Cross St ( Ward No.29 ) is Rs 2,200 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 I Type - I.

How the guideline value of Secretariat Colony 11th Cross St ( Ward No.29 ) has changed

The guideline value for Secretariat Colony 11th Cross St has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 2,000 per sq.ft. This figure decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a significant drop of 33%. However, in the most recent 2024 revision, the value increased to Rs 2,200 per sq.ft, representing a rise of 64% from the 2017 figure. Overall, from 2012 to 2024, there has been a slight increase of 10%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street in the register. Thus, the changes mentioned above reflect only the years with available data.

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 Secretariat Colony 11th Cross St ( Ward No.29 ) is above this median, indicating its relative position within the village.

Stamp duty and registration fee for property in Secretariat Colony 11th Cross St ( Ward No.29 )

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty is charged at 7%, which amounts to Rs 1,54,000, and the registration fee is charged at 2%, amounting to Rs 44,000. Together, the total cost for stamp duty and registration fee would be Rs 1,98,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Secretariat Colony 11th Cross St ( Ward No.29 )?

The Sub Registrar Office that covers Secretariat Colony 11th Cross St ( Ward No.29 ) 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 an essential factor during the registration of property transactions in Madhavaram. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

Additionally, the guideline value serves as a benchmark for property transactions, helping to establish a fair basis for the pricing of properties in the area. It is crucial for both buyers and sellers to understand how this value impacts their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Secretariat Colony 11th Cross St?

The current guideline value of Secretariat Colony 11th Cross St ( Ward No.29 ) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024. This shows a decrease from 2012 to 2017 and a significant increase from 2017 to 2024.

What is the land classification for Secretariat Colony 11th Cross St?

The land classification for Secretariat Colony 11th Cross St ( Ward No.29 ) is Residential Class I Type - I.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office located for this street?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060, and it covers Secretariat Colony 11th Cross St ( Ward No.29 ).