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Guideline Value

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Guideline Value for Seethapathi 1st Street (Sri Guru Ragavendra Nagar)

₹1600/sq.ft.

The guideline value for Seethapathi 1st Street (sri Guru Ragavendra Nagar) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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 Seethapathi 1st Street (sri Guru Ragavendra Nagar)

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Seethapathi 1st Street (Sri Guru Ragavendra Nagar) guideline value

The current guideline value of Seethapathi 1st Street (Sri Guru Ragavendra Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Seethapathi 1st Street (Sri Guru Ragavendra Nagar) has changed

The guideline value of Seethapathi 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 16%. However, from 2017 to 2024, the value increased significantly to Rs 1,600 per sq.ft, reflecting a rise of 59%.

Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 33%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value across these streets is Rs 1,600 per sq.ft, which is equal to the guideline value of Seethapathi 1st Street.

Stamp duty and registration fee for property in Seethapathi 1st Street (Sri Guru Ragavendra Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees together to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Seethapathi 1st Street (Sri Guru Ragavendra Nagar)?

The Sub Registrar Office that covers Seethapathi 1st Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Madhavaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a legally recognized value.

When a property is sold, the guideline value helps determine the applicable taxes and fees. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Seethapathi 1st Street?

The current guideline value of Seethapathi 1st Street (Sri Guru Ragavendra Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 1,200 per sq.ft to Rs 1,600 per sq.ft in 2024, with a notable decrease to Rs 1,005 per sq.ft in 2017, followed by an increase of 59% to the current value.

What is the land classification for Seethapathi 1st Street?

Seethapathi 1st Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

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 the registration of properties in the area.

How is stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.