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Guideline Value

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Guideline Value for Secretariat Colony 1st Cross St ( Ward No.29 )

₹2200/sq.ft.

The guideline value for Secretariat Colony 1st 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 1st Cross St ( Ward No.29 )

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Secretariat Colony 1st Cross St ( Ward No.29 ) guideline value

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

How the guideline value of Secretariat Colony 1st Cross St ( Ward No.29 ) has changed

The guideline value for Secretariat Colony 1st Cross St has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased 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 latest 2024 revision has raised it further to Rs 2,200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a 10% increase, reflecting the latest revision's adjustment to Rs 2,200 per sq.ft.

Guideline values in Madhavaram

In Madhavaram, the guideline values for the year 2024 range 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 1st Cross St ( Ward No.29 ) is above this median, indicating its relative positioning within the area.

Stamp duty and registration fee for property in Secretariat Colony 1st Cross St ( Ward No.29 )

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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 to Rs 1,98,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Secretariat Colony 1st Cross St ( Ward No.29 )?

The Sub Registrar Office that covers Secretariat Colony 1st 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 a critical factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the value of the property for taxation purposes, ensuring that all transactions are recorded accurately and transparently.

When a property is sold, the guideline value will be used to calculate the stamp duty and registration fees, which are essential components of the transaction. Buyers should be aware that these costs can significantly impact the overall expenditure involved in purchasing property.

Frequently asked questions

What is the current guideline value for Secretariat Colony 1st Cross St?

The current guideline value for Secretariat Colony 1st 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 to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the guideline values for other streets in Madhavaram?

Other streets in Madhavaram have guideline values ranging from Rs 2,200 per sq.ft, similar to Secretariat Colony 1st Cross St, indicating consistency in the area.

What is the registration fee for properties in this area?

The registration fee for properties in Secretariat Colony 1st Cross St is calculated based on the guideline value, which is Rs 2,200 per sq.ft as of 2024.

Where can I find the Madhavaram Sub Registrar Office?

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