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Guideline Value

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Guideline Value for Secretariat Colony 8th St. (Ward-29)

₹2200/sq.ft.

The guideline value for Secretariat Colony 8th 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 8th St. (ward-29)

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Secretariat Colony 8th St. (Ward-29) guideline value

The current guideline value of Secretariat Colony 8th St. (Ward-29) is Rs 2,200 per sq.ft, effective from the 2024 revision. 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 8th St. (Ward-29) has changed

The guideline value for Secretariat Colony 8th St. has seen several revisions over the years. The earliest recorded revision 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. The most recent revision in 2024 has increased the guideline value to Rs 2,200 per sq.ft, marking a significant increase of 64% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, there has been a slight increase of 10%. It is important to note that there are no recorded figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Madhavaram

In Madhavaram, the 2024 guideline values for streets vary significantly, ranging 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 8th St. is above this median, indicating a relatively higher valuation compared to other streets in the area.

Stamp duty and registration fee for property in Secretariat Colony 8th 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 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 cost for these fees 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.

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

Which Sub Registrar Office covers Secretariat Colony 8th St. (Ward-29)?

The Sub Registrar Office that covers Secretariat Colony 8th St. 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 in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these fees are calculated based on a standardized value set by the government.

When a property is sold, the guideline value helps in establishing a fair price for the transaction, which is essential for legal and financial documentation. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Secretariat Colony 8th St. (Ward-29)?

The current guideline value of Secretariat Colony 8th St. (Ward-29) is Rs 2,200 per sq.ft, effective from the 2024 revision.

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. There are no recorded figures for the years 2023, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Madhavaram?

Other streets in Madhavaram have varying guideline values. For instance, the guideline value for Secretariat Colony 9th Cross St, 8th Cross St, and 7th Cross St is also Rs 2,200 per sq.ft in 2024.

What are the fees associated with buying property in Secretariat Colony 8th St.?

The fees include stamp duty at 7% and a registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Secretariat Colony 8th St.?

The Sub Registrar Office for Secretariat Colony 8th St. is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details online.