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Guideline Value

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Guideline Value for Secretariat Colony 3rd Cross St ( Ward No.29 )

₹2200/sq.ft.

The guideline value for Secretariat Colony 3rd 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 3rd Cross St ( Ward No.29 )

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Secretariat Colony 3rd Cross St ( Ward No.29 ) guideline value

The current guideline value for Secretariat Colony 3rd 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 3rd Cross St ( Ward No.29 ) has changed

In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. However, this figure decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 33%. The most recent revision in 2024 shows a significant increase to Rs 2,200 per sq.ft, representing a rise of 64% from the 2017 figure. The overall change from the 2012 to the 2024 revision indicates a modest increase of 10%.

The register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madhavaram

In Madhavaram, the 2024 guideline values for streets 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 3rd Cross St ( Ward No.29 ) is above this median.

Stamp duty and registration fee for property in Secretariat Colony 3rd 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, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Secretariat Colony 3rd Cross St ( Ward No.29 )?

The Sub Registrar Office covering Secretariat Colony 3rd 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 essential when registering property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

Frequently asked questions

What is the current guideline value for Secretariat Colony 3rd Cross St ( Ward No.29 )?

The current guideline value for Secretariat Colony 3rd 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 to Rs 2,200 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024 and an overall increase of 10% from 2012 to 2024.

What are the guideline values for other streets in Madhavaram?

The guideline values for other streets in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Secretariat Colony 3rd Cross St ( Ward No.29 ) has a value above this median.

What fees are associated with buying property in Secretariat Colony 3rd Cross St ( Ward No.29 )?

When buying property in Secretariat Colony 3rd Cross St ( Ward No.29 ), buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on 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 3rd Cross St ( Ward No.29 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.