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Guideline Value

Corporate

Guideline Value for Selvam Nagar (Ponniamman Medu) (Ward-23)

₹2200/sq.ft.

The guideline value for Selvam Nagar (ponniamman Medu) (ward-23) 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 N/A
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 Selvam Nagar (ponniamman Medu) (ward-23)

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Selvam Nagar (Ponniamman Medu) (Ward-23) guideline value

The current guideline value of Selvam Nagar (Ponniamman Medu) (Ward-23) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Selvam Nagar (Ponniamman Medu) (Ward-23) has changed

In the 2017 revision, the guideline value was set at Rs 1,340 per sq.ft. The most recent revision in 2024 has increased this value to Rs 2,200 per sq.ft, marking a significant change of +64% over the seven-year period. The register has no figure for the years 2023, 2012, 2007, 2003, and 2002 for this street.

From the 2017 revision to the 2024 revision, there has been a notable increase, reflecting changes in the valuation of properties in the area. The 2024 figure of Rs 2,200 per sq.ft is now established as the current guideline value for Selvam Nagar (Ponniamman Medu) (Ward-23).

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 guideline value for Selvam Nagar (Ponniamman Medu) (Ward-23) is above this median.

Stamp duty and registration fee for property in Selvam Nagar (Ponniamman Medu) (Ward-23)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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 to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selvam Nagar (Ponniamman Medu) (Ward-23)?

The Sub Registrar Office that covers Selvam Nagar (Ponniamman Medu) (Ward-23) 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

The guideline value is a crucial factor during the registration of properties in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when a property transaction occurs.

When buying or selling property, the guideline value ensures that all transactions are recorded at a standardized value, which helps in maintaining transparency and consistency in property dealings. This value is also used to assess the applicable taxes that must be paid during the registration process.

Frequently asked questions

What is the current guideline value of Selvam Nagar (Ponniamman Medu) (Ward-23)?

The current guideline value of Selvam Nagar (Ponniamman Medu) (Ward-23) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since the last revision?

Since the last revision in 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, which is an increase of +64%.

What is the land classification for Selvam Nagar (Ponniamman Medu) (Ward-23)?

The land classification for Selvam Nagar (Ponniamman Medu) (Ward-23) is Residential Class I Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Selvam Nagar (Ponniamman Medu) (Ward-23)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,200 per sq.ft, the total guideline value is Rs 22,00,000, leading to a stamp duty of Rs 1,54,000.