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Guideline Value

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Guideline Value for Secretariat Colony 13th Cross St ( Ward No.29 )

₹2200/sq.ft.

The guideline value for Secretariat Colony 13th Cross St ( Ward No.29 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. 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 ₹2000 /sq.ft.
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 13th Cross St ( Ward No.29 )

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Secretariat Colony 13th Cross St ( Ward No.29 ) guideline value

The current guideline value of Secretariat Colony 13th Cross St ( Ward No.29 ) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Secretariat Colony 13th Cross St ( Ward No.29 ) has changed

Over the years, the guideline value for Secretariat Colony 13th Cross St has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,200 per sq.ft. The register has no figure for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of 49%, while the value decreased by 33% from 2012 to 2017. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Madhavaram

The guideline values for properties in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft as of 2024, with a median value of Rs 1,600 per sq.ft. The current guideline value for Secretariat Colony 13th Cross St is above this median.

Stamp duty and registration fee for property in Secretariat Colony 13th 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 at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Secretariat Colony 13th Cross St ( Ward No.29 )?

The Sub Registrar Office that covers Secretariat Colony 13th 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 when buying or selling property in Madhavaram. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the guideline value can influence the overall cost of property transactions.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable duties and fees. It is crucial for buyers and sellers to understand this value to ensure compliance with local regulations and to accurately assess the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Secretariat Colony 13th Cross St?

The current guideline value of Secretariat Colony 13th 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, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Secretariat Colony 13th Cross St is calculated at 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Secretariat Colony 13th Cross St ( Ward No.29 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for this street?

The land classification for Secretariat Colony 13th Cross St ( Ward No.29 ) is Residential Class I Type - I.