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Guideline Value

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Guideline Value for Secretariat Colony 8th Cross St ( Ward No.29 )

₹2200/sq.ft.

The guideline value for Secretariat Colony 8th 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 N/A
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 8th Cross St ( Ward No.29 )

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Secretariat Colony 8th Cross St ( Ward No.29 ) guideline value

The current guideline value of Secretariat Colony 8th 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 Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Secretariat Colony 8th Cross St ( Ward No.29 ) has changed

The guideline value for Secretariat Colony 8th Cross St has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was again Rs 2,000 per sq.ft, but it increased to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value increased by 10%.

It is important to note that there are no figures available in the register for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only relevant revisions are from 2012, 2023, and 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median guideline value in this area is Rs 1,600 per sq.ft, placing the 2024 figure for Secretariat Colony 8th Cross St above this median.

Stamp duty and registration fee for property in Secretariat Colony 8th 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 would be 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 together 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Secretariat Colony 8th Cross St ( Ward No.29 )?

The Sub Registrar Office that covers Secretariat Colony 8th 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 details.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value is a crucial factor when buying or selling property in Madhavaram. It serves as a reference point for determining the minimum value at which a property can be registered. This ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps in the accurate assessment of property transactions, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Secretariat Colony 8th Cross St?

The current guideline value for Secretariat Colony 8th 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 seen an increase from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking a total increase of 10% over this period.

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

The stamp duty for properties in Secretariat Colony 8th Cross St is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

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

What other streets have the same guideline value in Madhavaram?

Other streets in Madhavaram, such as Secretariat Colony 7th Cross St, Secretariat Colony 6th Cross St, and Secretariat Colony 9th Cross St, all have a guideline value of Rs 2,200 per sq.ft as of 2024.