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Guideline Value

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Guideline Value for Secretariat Colony 11th St. (Ward-29)

₹2200/sq.ft.

The guideline value for Secretariat Colony 11th St. (ward-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 St. (ward-29)

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Secretariat Colony 11th St. (Ward-29) guideline value

The current guideline value of Secretariat Colony 11th St. (Ward-29) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Secretariat Colony 11th St. (Ward-29) has changed

The guideline value for Secretariat Colony 11th St. has seen several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision. However, in the latest 2024 revision, the value increased significantly to Rs 2,200 per sq.ft, marking a 64% increase from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street.

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 2024 guideline value of Secretariat Colony 11th St. is above this median.

Stamp duty and registration fee for property in Secretariat Colony 11th St. (Ward-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 amount to 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.

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

Which Sub Registrar Office covers Secretariat Colony 11th St. (Ward-29)?

The Sub Registrar Office that covers Secretariat Colony 11th St. (Ward-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

When buying or selling property in Madhavaram, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value serves as a reference point for the authorities to assess the worth of the property being transacted.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of registration. Ensuring that the transaction is in line with the current guideline value can help avoid potential legal issues during the registration process.

Frequently asked questions

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

The current guideline value of Secretariat Colony 11th St. (Ward-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. There are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street.

What is the land classification of Secretariat Colony 11th St.?

Secretariat Colony 11th St. is classified as Residential Class I Type - I under the Madhavaram SRO.

What is the stamp duty rate for properties in Secretariat Colony 11th St.?

The stamp duty rate for properties in Secretariat Colony 11th St. is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Secretariat Colony 11th St. located?

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