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Guideline Value

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Guideline Value for Seethapathy Cross st ( Ward No.11 )

₹1600/sq.ft.

The guideline value for Seethapathy Cross St ( Ward No.11 ) 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 Seethapathy Cross St ( Ward No.11 )

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Seethapathy Cross st ( Ward No.11 ) guideline value

The current guideline value for Seethapathy Cross st ( Ward No.11 ) 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 Seethapathy Cross st ( Ward No.11 ) has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 16%. However, from 2017 to the 2024 revision, the guideline value increased significantly to Rs 1,600 per sq.ft, representing a rise of 59%. Overall, from 2012 to 2024, the guideline value has increased by 33%.

The register has no figures for the years 2023, 2007, 2003, and 2002 for this street. This means that the only available revisions are from 2012, 2017, and the current 2024 figure.

Guideline values in Madhavaram

In Madhavaram, there are 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 guideline value is Rs 1,600 per sq.ft, which is equal to the current guideline value for Seethapathy Cross st ( Ward No.11 ).

Stamp duty and registration fee for property in Seethapathy Cross st ( Ward No.11 )

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

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

Which Sub Registrar Office covers Seethapathy Cross st ( Ward No.11 )?

The Sub Registrar Office that covers Seethapathy Cross st ( Ward No.11 ) 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 during the registration of property transactions in Madhavaram. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps both buyers and sellers understand the financial implications of their transactions. It is essential to consider this value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value for Seethapathy Cross st ( Ward No.11 )?

The current guideline value for Seethapathy Cross st ( Ward No.11 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From 2012 to 2017, the guideline value decreased from Rs 1,200 per sq.ft to Rs 1,005 per sq.ft. However, it increased to Rs 1,600 per sq.ft in the 2024 revision, resulting in an overall increase of 33% from 2012 to 2024.

What is the land classification for Seethapathy Cross st ( Ward No.11 )?

Seethapathy Cross st ( Ward No.11 ) is classified as Residential Class II Type - I. This classification indicates the type of development and usage permitted in this area.

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 Madhavaram area.

How is stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would amount to Rs 1,12,000.